Glassnode: Bitcoin Expected to Remain Range-Bound with Resistance at $83,000–$86,000

Glassnode reports that Bitcoin remains in a consolidation phase after failing to sustain levels above $80,000. Significant short liquidation clusters exist between $83,000 and $86,000, while long liquidation zones are concentrated between $60,000 and $63,000. On-chain data shows that 68% of supply is currently profitable at current price levels, increasing potential sell pressure. While US spot Bitcoin ETFs saw net inflows during the recent rebound, overall secondary market volume remains lower than previous expansion phases. Macroeconomic pressure from ris