Bitcoin's $80K Support Weakens, Glassnode Warns

A Day on the Order Book

Large buyers stepped in to purchase Bitcoin around the $80,000 mark on Thursday. However, data from Glassnode’s analysis of order book activity indicates that bids below this level are becoming less substantial.

Glassnode published a heatmap illustrating resting orders on the Binance BTC/USDT spot order book as of October 15th. The firm observed that significant buy orders, which had previously been positioned at lower price points, were notably absent.