Glassnode: If Bitcoin falls below the current chip zone, the next support will focus on US$75,000

On September 10, Glassnode issued a document stating that BTC is currently subject to a supply wall of long-term holders near US$83,000 to US$85,000, but investors still continue to buy at the current price. Glassnode said that if BTC falls below the forming chip dense area, the next key position will focus on US$75,000; if it weakens further, the possibility of a complete retreat to around US$60,000 will not be ruled out. BTC faces significant cost-base resistance in the US$83,000 to US$86,000 range, of which approximately 1.07 million BTC pieces were acquired by long-term holders in this range, and the most intensive cost area is close to US$85,000.