Bitcoin Price Tests $86K as 1.07M BTC Supply Wall Looms
Bitcoin has climbed into the $86K resistance zone, one of the market’s most important technical and onchain barriers. With 1.07 million BTC concentrated between $83,000 and $86,000 and U.S. spot exchange-traded fund (ETF) investors above breakeven, the next move could reveal whether the crypto recovery has enough demand to absorb significant overhead supply. Glassnode Flags […]
Key Takeaways
- Bitcoin has climbed into the $86K resistance zone, one of the market’s most important technical and onchain barriers.
- With 1.07 million BTC concentrated between $83,000 and $86,000 and U.S.
- spot exchange-traded fund (ETF) investors above breakeven, the next move could reveal whether the crypto recovery has enough demand to absorb significant overhead supply.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
XRP Is Crushing Bitcoin on Korean Exchange Upbit: Here Are the Numbers
XRP drew $350M (about ₩481B) of trading volume on Upbit on Sept. 21, beating bitcoin’s $225.8M (₩308B), and it has out-traded bitcoin on the exchange every day for a month. The Numbers On Monday night, onchain data showed that XRP was “dominating Upbit,” with…
Coinbase targets stock futures but CFTC standstill blocks launch
The cash-settled contracts would offer price exposure without ownership or delivery of the underlying shares. The post Coinbase targets stock futures but CFTC standstill blocks launch appeared first on CryptoSlate.
Coinbase adds fixed-rate bitcoin-backed loans through Morpho Midnight
Coinbase has added fixed-rate loans through Morpho Midnight, letting users borrow USDC against their bitcoin.