Glassnode analysis: BTC range-bound between $62K–$65K support and $83K–$86K resistance, with $14B Sep 25 options expiry positioning overhead supply as key technical hurdle.
DeFi & Yields ·
Bitcoin remains trapped between $62,000–$65,000 support and $83,000–$86,000 resistance after an August 19 rally stalled within the upper zone before retreating to $76,000. Supply in profit has risen to 68%, raising sell-side pressure risk, while the September 25 options expiry carries $14 billion in open interest with substantial positioning above $80,000. Short-term options skew has cooled toward neutral following the rally, though longer-term demand for optionality remains stable. Range-bound trading is likely to persist until overhead supply absorbs, according to https://wublockchain.xyz/news/news-20673.