Bitcoin’s $80K Safety Net Held Once but Glassnode Says It Is Eroding

price

Bitcoin’s $80,000 support held during a recent test, but Glassnode data indicates the demand underpinning it is weakening. Hut 8’s transfer of $161 million in bitcoin to exchanges adds a potential source of near-term selling pressure, though an exchange deposit does not confirm a sale. Together, the reports suggest the price floor may be less resilient if selling increases or demand remains subdued.

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https://news.bitcoin.com/featured/hut-8-bitcoin-161-million-exchanges/https://news.bitcoin.com/featured/bitcoin-price-80k-support-glassnode-order-book/

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