Bitcoin briefly pushed above $86,000 before pulling back toward the $84,000 area, putting a key holder zone back in focus.
Glassnode data shows a large concentration of long-term holder supply between $84,000 and $85,000, while Bitcoin’s derivatives open interest has dropped to its lowest level since March.
The bigger picture still includes strong spot demand, with U.S. spot Bitcoin ETFs recording about $2.4 billion in net inflows for the week ended September 25.
$BTC is now trading around the mid-$83,000s as markets watch U.S. inflation data and interest-rate expectations.
#BTC Price Analysis# #BTC Correction Incoming?#
Glassnode data shows a large concentration of long-term holder supply between $84,000 and $85,000, while Bitcoin’s derivatives open interest has dropped to its lowest level since March.
The bigger picture still includes strong spot demand, with U.S. spot Bitcoin ETFs recording about $2.4 billion in net inflows for the week ended September 25.
$BTC is now trading around the mid-$83,000s as markets watch U.S. inflation data and interest-rate expectations.
#BTC Price Analysis# #BTC Correction Incoming?#
