Glassnode analysis suggests BTC could drop to $70k if it fails to hold $81k support, the breakeven point for spot ETF holders.
Macro & Markets ·
Glassnode analysis indicates Bitcoin could decline to $70,000 if support at $81,000 fails, a level representing the aggregate average breakeven point for spot Bitcoin ETF holders. A sustained break below this threshold could trigger long liquidations and accelerate further price decreases.