Bitcoin faces true demand test above $83K as liquidity thickens: Glassnode
Summary
Bitcoin’s rebound faces a major resistance band between about $81,000 and $86,000. Glassnode says this zone contains concentrated overhead supply, especially from long-term holders who have held through the drawdown and may sell near breakeven around $83,000-$86,000. The same area also has new ask liquidity on exchanges, a self-custody cost basis shelf near $80.8K, negative dealer gamma around $82.3K, and a liquidation shelf extending to $86K. Technical levels are also clustering nearby: Bitcoin’s 50-week and 100-week EMAs are around $77,353 and $78,485, while the 365-day VWAP is near $82,600. Together, these signals make the $80K-$86K range the key test for whether the recovery can continue.
