{"id":93697,"date":"2026-01-29T11:31:36","date_gmt":"2026-01-29T08:31:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93697"},"modified":"2026-01-29T11:35:16","modified_gmt":"2026-01-29T08:35:16","slug":"glassnode-identifies-83400-as-bitcoins-last-support-before-potential-price-drop","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/glassnode-identifies-83400-as-bitcoins-last-support-before-potential-price-drop\/","title":{"rendered":"Glassnode Identifies $83,400 as Bitcoin&#8217;s Last Support Before Potential Price Drop"},"content":{"rendered":"<p>Glassnode analysts have observed the consolidation of the leading cryptocurrency&#8217;s prices near key on-chain levels. The market requires confirmation of demand to avoid further structural weakening and a price decline.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Stress Builds Below Resistance<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> is consolidating with muted volumes, as spot bid rebuilds slowly while options markets lean increasingly defensive.<\/p>\n<p>Read the full Week On-Chain\ud83d\udc47<a href=\"https:\/\/t.co\/gHlpg5XSxZ\">https:\/\/t.co\/gHlpg5XSxZ<\/a> <a href=\"https:\/\/t.co\/eaSm7G9vTI\">pic.twitter.com\/eaSm7G9vTI<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/2016552563944935774?ref_src=twsrc%5Etfw\">January 28, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Digital gold is trading below the cost basis of short-term holders, which stands at $96,500. Experts noted similarities between the current market structure and downturn periods in the first quarter of 2022 and the second quarter of 2018.<\/p>\n<p>The critical support level is at $83,400. Losing this threshold threatens a decline to the &#8220;true average market price&#8221; of $80,700.<\/p>\n<p>The share of short-term investors with unrealized losses has decreased to 19.5%. This is far from capitulation (55%), yet this group is sensitive to downturns\u2014breaking support could increase selling pressure.<\/p>\n<p>More than 22% of the bitcoin market supply is &#8220;in the red.&#8221; If the decline continues, long-term holders may start realizing losses, triggering a spike in volatility.<\/p>\n<p>The liquidity situation has stabilized:<\/p>\n<ul class=\"wp-block-list\">\n<li>outflows from spot bitcoin <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> have slowed, returning to neutral levels;<\/li>\n<li>Binance leads the spot market with a moderate recovery in purchases;<\/li>\n<li>activity on Coinbase remains subdued, indicating weak momentum from American investors.<\/li>\n<\/ul>\n<p>The derivatives market shows caution. Funding rates for perpetual futures are neutral, with no speculative overheating. Traders are hedging short-term risks through options but do not anticipate a crash.<\/p>\n<p>However, dealer positioning (&#8220;short gamma&#8221; below $90,000) poses a risk of accelerated decline due to actions by <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-market-maker\">market makers<\/a>. To resume sustainable growth, fresh liquidity inflow into the spot market is necessary.<\/p>\n<p>Earlier in January, experts from Coinbase Institutional and Glassnode noted the <a href=\"https:\/\/forklog.com\/en\/news\/analysts-observe-crypto-market-recovery-and-leverage-reduction\">recovery<\/a> of the market following the <a href=\"https:\/\/forklog.com\/en\/news\/whales-adl-and-the-end-of-the-bull-what-really-happened-on-cryptos-black-saturday-2\">October deleveraging<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glassnode analysts have observed the consolidation of the leading cryptocurrency&#8217;s prices near key on-chain levels. The market requires confirmation of demand to avoid further structural weakening and a price decline.<\/p>\n","protected":false},"author":1,"featured_media":93698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Glassnode analysts observed bitcoin's consolidation near key levels, warning of potential price drop.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1273,1268,1252],"class_list":["post-93697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-glassnode","tag-on-chain-analysis","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"173","promo_type":"1","layout_type":"1","short_excerpt":"Glassnode analysts observed bitcoin's consolidation near key levels, warning of potential price drop.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=93697"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93697\/revisions"}],"predecessor-version":[{"id":93699,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93697\/revisions\/93699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93698"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}