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Squeeze into Supply
Published Source: Glassnode InsightsRead original
Crypto Insight Summary: A record short liquidation event ignited a 26% rally off the mid-August low, and real money paid for it: the strongest ETF intake of the year, coins leaving exchanges, every cohort accumulating. What stands between this recovery and the January high is one band of supply between $81K and $86K. Crypto Insight Analysis: Direction: Bullish BTC Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: Record ETF inflows and exchange outflows signal strong institutional demand, supporting BTC's upward momentum.