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Swept and Refilled

Published Source: Glassnode InsightsRead original

Crypto Insight Summary: Bitcoin swept to about $80K on October 15, just under the cost basis of the US spot ETFs and corporate treasuries, and the bids there refilled within days. Above price, the 6 to 12 month cost basis, a block of asks and the largest liquidation clusters sit between about $85K and $87.5K. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Price action above ETF cost basis signals strong institutional support.

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Swept and Refilled — Crypto Insight