CryptoSlate analyzed that BTC is facing strong resistance near $80,000. The media outlet explained, "According to on-chain analytics firm Glassnode, approximately $80,100 is the average purchase price for buyers within the last 155 days, and when the price approaches this level, there is a tendency for a large volume of 'break-even selling' to emerge. In fact, short-term holders' realized profits have increased to $4.4 million per hour, about three times the benchmark level of this year's peak. While ETF inflows continue, the pace has slowed, and if demand cannot sufficiently absorb the selling pressure, there is a possibility of a correction down to the $75,000 range."
