Bitcoin’s $80K Safety Net Held Once but Glassnode Says It Is Eroding

Crypto Insight Summary: Big buyers caught bitcoin at $80,000 on Thursday, but Glassnode’s order book data shows the bids under that level are getting thinner. A Day on the Order Book Glassnode posted a heatmap of resting orders on the Binance BTC/USDT spot book from Oct. 15, and relayed the following message: The large bids that sat at […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Thinning bids at $80K indicate weakening support, raising short-term downside risk.