BTC faces $80K resistance as break-even selling limits upside

Bitcoin is facing strong resistance around the $80,000 mark, according to an analysis by CryptoSlate. The outlet, citing on-chain analytics firm Glassnode, noted that the average purchase price for buyers over the past 155 days is approximately $80,100. As the price approaches this level, there is a tendency for a large volume of break-even selling to occur. In fact, the realized profit of short-term holders has surged to $4.4 million per hour, roughly three times the benchmark level seen during this year's peak. While ETF inflows are ongoing, their pace has slowed, and CryptoSlate explained that a correction to the $75,000 range is possible if demand fails to sufficiently absorb the selling pressure.