🔥 Bitcoin’s $96.7K Target Starts at $85.5K $BTC is sitting near a supply zone around 85K–85.5K, and Glassnode sees $96.7K as the next major resistance if buyers can absorb that selling pressure. The backdrop is mixed in a useful way. Futures and options leverage has cooled, ETF demand has weakened, but active addresses, fees and transfer volume have all pushed above their recent ranges. Realized cap and “hot capital” also remain elevated, while wallets holding 100–1,000 BTC have reportedly been accumulating since July. The main risk is profit-taking: short-term holders and ETF investors are realizing gains at above-normal levels. So the path to $96.7K is less about leverage now and more about whether fresh spot and on-chain demand can keep absorbing supply around $85.5K. #BTC Price Analysis# #Macro Insights# #BTC Correction Incoming?#