Bitcoin’s $80,000 buy wall hides a liquidation trap that could send prices toward $78,000
Bitcoin registered an intraday low of $81,514.28 on Oct. 14 as September CPI came in hotter than forecast, with headline inflation at 3.7% year over year against 3.6% expected and core at 2.6% against 2.5%. Glassnode's latest on-chain data suggests a calmer holder base than the price action. The harder test sits near $80,000, where… Read the full story on CryptoSlate Understand the crypto stories…
Bitcoin fell to an intraday low of $81,514.28 on Oct. 14 after September CPI came in hotter than expected, with headline inflation at 3.7% year over year versus 3.6% forecast and core at 2.6% versus 2.5%. Glassnode on-chain data points to a calmer holder base than the price action implies, but a large buy wall near $80,000 may conceal a liquidation trap that could push prices toward $78,000. Traders should watch the $80,000 level closely, as a break below it could trigger cascading liquidations and accelerate downside momentum.
