Glassnode Says Bitcoin Faces Long-Term Holder Supply Pressure Near $83,000-$85,000

Glassnode said Bitcoin is currently constrained by long-term holder supply pressure near the $83,000 to $85,000 range. According to ChainCatcher, investors are still accumulating Bitcoin in this area. If price falls below this newly formed concentration zone, $75,000 would become a key level to watch. Further downside could pull Bitcoin back toward around $60,000.