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With Bitcoin briefly falling below $80,000 overnight, Glassnode said large buy orders that had been sitting near $80,000 over the past week on Binance’s BTC/USDT spot order book were filled, after which new large buy orders entered. Glassnode said BTC then rebounded in stages, although buying support below $80,000 later weakened again.
Bitcoin had briefly slipped below the psychologically important $80,000 level after the U.S. September producer price index released yesterday evening came in well above market expectations. BTC later erased all of its losses and rebounded, and was recently trading at $82,210.19, up 0.58%, according to CoinMarketCap.