Bitcoin’s $80,000 buy wall hides a liquidation trap that could send prices toward $78,000
Summary
Bitcoin fell to $81,514 after hotter-than-expected core inflation strengthened the dollar, pressured equities and raised market expectations for an October Fed rate hike. Glassnode data shows long-term-holder realized losses have dropped sharply and profit-taking now outweighs loss-taking, suggesting capitulation has eased. The key near-term level is $80,000, where spot buy orders overlap with potential long liquidations; a break could expose support near $78,000, while holding the level and reclaiming $81,500 could open a move toward $84,500–$88,000. Altcoins have fallen harder than Bitcoin in recent pullbacks, with thinner market depth and signs of concentrated leverage, leaving them more vulnerable if Bitcoin declines further.
