Bitcoin faces wall near $80k as recent buyers rush to get out as ceiling stays hot
CryptoSlate
Bitcoin is struggling to break the $80,000 resistance level due to selling pressure from short-term holders and a restrictive macroeconomic environment.Summary
Bitcoin faces significant resistance at the $80,000 level, identified by Glassnode as a "behavioral tripwire" where recent buyers are looking to break even. This selling pressure is compounded by three specific factors: the Short-Term Holder Cost Basis, the 54% in-profit statistical threshold, and a surge in realized profits. Simultaneously, Bitcoin is navigating a difficult macroeconomic landscape characterized by persistent inflation and delayed Federal Reserve rate cuts. While recent spot ETF inflows show some recovery, market participants remain cautious, with analysts weighing a potential bullish breakout against a possible rejection that could lead prices back toward the $75,000 or $69,900 support levels.
(Source：CryptoSlate)