📊 Glassnode highlights a major Bitcoin supply zone above the current price.
Around 1.05 million BTC held by long-term investors sits between $83,000 and $86,000, making this the first major overhead supply shelf.
👉 If BTC reaches this zone, some holders may sell around breakeven, creating strong resistance and profit-taking pressure.
A clean breakout above $86,000 could signal that buyers have successfully absorbed this supply and potentially open the way for the next leg higher. 📈
Around 1.05 million BTC held by long-term investors sits between $83,000 and $86,000, making this the first major overhead supply shelf.
👉 If BTC reaches this zone, some holders may sell around breakeven, creating strong resistance and profit-taking pressure.
A clean breakout above $86,000 could signal that buyers have successfully absorbed this supply and potentially open the way for the next leg higher. 📈
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