Glassnode: Bitcoin falls below key support levels amid lack of new demand

A Glassnode report indicates that Bitcoin dropped approximately 4.6% to $76,000, falling below its late-August range floor and the $76,700 realized price. The decline is attributed to a lack of new capital inflows, net outflows from ETFs, and stagnant stablecoin supply. Options market sentiment has shifted toward downside protection, with the maximum pain point at $72,000. Order book data suggests thin support below $68,000, with $71,300 identified as the next potential target.