4M Bitcoin Bought Above $85K Could Cap Recovery: Glassnode

Crypto Insight Summary: Bitcoin is trading close to the average price paid by U.S. spot ETF holders, a day after the Federal Reserve held rates steady. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: ETF holders' average cost near $85K creates overhead BTC supply as the Fed holds rates steady.