October 6th 2026, 4:30 AM
Bitcoin Sees Surge in On-Chain Money as Leverage Fades
Key Summary
Glassnode reports that Bitcoin's sell wall at $85,000, coupled with new on-chain money and profit-taking, could drive the price to $96.7K. Leverage has cooled, but profit-taking is running above normal ranges, indicating a shift in market dynamics.
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Market & Token Impact
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Broader Context & What's Next
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#Bitcoin#OnChainMoney#Leverage#Crypto#Glassnode