Bitcoin spent most of today doing almost nothing but the location is interesting.
$BTC traded between $80,155 and $81,401 and is still sitting above the $80K base. Nothing dramatic yet. $82K is the level that changes the chart for me.
Glassnode also noted that entity-adjusted SOPR remains above 1 while a dense short-liquidation shelf has formed around $83K-$86K. If $82K breaks, that is where the move could start moving faster.
If $80K goes instead, I’m looking back toward $78.8K-$79.3K.