Glassnode: Bitcoin will remain in an interstate shock with resistance of between $83,000 and $86,000

On 3 September, Glassnode released a report that in mid-August, the empty head pushed Bitcoin back up and broke by $80,000 on 27 August, but the price was then blocked in the long-term upper supply zone, falling around $76,000 and triggering successive liquidations. Currently, between US$ 83,000 and US$ 86,000 still congregates a large amount of potential clearing space, and between US$ 60,000 and US$ 63,000 below there are many settlements in between. According to the chain data, about 65 per cent of the supply of bitcoin was in a profitable position when it was traded in the vicinity of $78,000 in May this year; by the end of August, when it returned to the same price, it had risen to 68 per cent. The summer chips redistribution pushes the short-term holder cost base to about $71,000, and the same price will now activate more profit chips and increase potential sales pressure. The total cost base and the distribution of chips is US$ 62,000 to US$ 65,000 as a support area and US$ 83,000 to US$ 86,000 as a central supply area for long-term holders. In the United States, real-time bitcoin ETFs averaged $290 million per day in seven days of net inflows during the rebound period, but secondary market turnover remained at around $3 billion a day, significantly lower than in the previous expansion. At the same time, the United States 10 annual national debt return fell short of 4.6 per cent after the Treasury Department's return on 19 August, but returned to 4.8 per cent with only eight trading days and set a new high in the current cycle, indicating that sovereign debt pressures continue to affect market valuation. In the case of options markets, short-term optimism has cooled, and long-term options demand continues. Deribit and IBIT options, due in the quarter of September 25, are about $14 billion in size and are heavily concentrated in over $80,000, or serve as important fluctuations and anchors for the coming weeks. Until the supply above $83,000 to $86,000 is digested, the BTC will still maintain inter-zone shocks, with $62,000 to $65,000 being the main lower reference area。