🚨 $BTC FACES HEAVY SUPPLY WALL BETWEEN $81K AND $86K AS LONG-TERM HOLDERS TEST BREAKEVEN! 💥
📌 Glassnode data highlights a dense cluster of resistance for $BTC between $81,000 and $86,000, where trapped long-term holders are lining up to hit breakeven. 📊 Supply is thick here, reinforced by the 365-day VWAP at $82,600 and a key dealer gamma flip around $82,300.
🔍 Buyers are putting up a battle, holding ground above the 50-week and 100-week EMAs near $77,353 and $78,485. 🌊 For bulls to spark the next leg up, spot demand must aggressively absorb this massive overhead supply wall before liquidations trigger higher.
💬 Do you expect bulls to chew through this $86,000 liquidity wall on the first try, or are we due for a retest of lower EMA support? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #Crypto #Glassnode
🎯 🦈
📌 Glassnode data highlights a dense cluster of resistance for $BTC between $81,000 and $86,000, where trapped long-term holders are lining up to hit breakeven. 📊 Supply is thick here, reinforced by the 365-day VWAP at $82,600 and a key dealer gamma flip around $82,300.
🔍 Buyers are putting up a battle, holding ground above the 50-week and 100-week EMAs near $77,353 and $78,485. 🌊 For bulls to spark the next leg up, spot demand must aggressively absorb this massive overhead supply wall before liquidations trigger higher.
💬 Do you expect bulls to chew through this $86,000 liquidity wall on the first try, or are we due for a retest of lower EMA support? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #Crypto #Glassnode
🎯 🦈
