Glassnode said Bitcoin faces an $81,000-$86,000 supply range before reaching its January high. The U.S. Treasury's buyback expansion announcement triggered the latest rally last week. A short-liquidation event on Aug. 19 further boosted the rally. U.S. spot bitcoin ETFs recorded more than $2.8 billion in net inflows over eight consecutive days.
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Bitcoin faces $81,000-$86,000 hurdle before January high, Glassnode says
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