Glassnode identifies $83K as critical level for Bitcoin recovery

Bitcoin is in a recovery phase, facing significant selling pressure between 83000 and 86000 dollars, according to Glassnode. U.S. spot Bitcoin ETFs recorded 22.3 billion dollars in net inflows during this rebound, the highest weekly inflow this year. Futures market overheating signs remain limited, with BTC-denominated futures open interest down 11% and funding rates near neutral, indicating no excessive leverage has returned as spot prices rise. Glassnode highlights a substantial supply layer above 80000 dollars, with major resistance around 80800 and 82300 dollars, and multiple resistance levels in the 82000-86000 dollar range, including long-term holder supply and sell walls. If Bitcoin maintains above 83300 dollars and ETF inflows persist, it may indicate successful absorption of selling pressure.

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