Bitcoin Faces Key Test at $80K–$82K as On-Chain Data Reveals Supply Cluster

BitcoinWorld Bitcoin Faces Key Test at $80K–$82K as On-Chain Data Reveals Supply Cluster Bitcoin is approaching a critical price zone that could determine its short-term trajectory, with on-chain data indicating a dense cluster of supply between $80,000 and $82,000.

According to a recent analysis by CoinDesk, this range represents a significant area of potential selling pressure, as a substantial portion of the cryptocurrency’s circulating supply last changed hands at these levels.

Understanding the Supply Cluster Data from Glassnode, a leading on-chain analytics platform, reveals that approximately 8% of the total Bitcoin supply was last moved within the $80,000–$82,000 band. Notably, about 5% of this supply is concentrated precisely at the $80,000 mark.

This concentration is significant because investors who acquired Bitcoin at these prices may be inclined to sell once the market returns to their break-even point, potentially creating a ceiling for further price appreciation.