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9/3/2026 11:25:00 AM
Glassnode: Bitcoin Supply Clusters Align with Liquidations
Glassnode flags Bitcoin on-chain supply levels and liquidation clusters at $77900 showing strong confluence with cost basis bands defining the trading range.
Analysis
Glassnode reports on-chain supply levels and liquidation clusters show strong confluence as BTC stalls below long-term overhead supply with the trading range defined by two cost basis clusters.
Bitcoin cost basis bands and long-term holder supply clusters line up precisely with leverage pain points according to the latest Week On Chain analysis. BTC price prediction models now hinge on these confluence zones for the next directional move.
Price action on the 4h chart sits at $77900.93 inside the Bollinger Bands with upper resistance at $78987.37 and lower support at $76651.2. The bullish EMA50 at $77534.19 and EMA200 at $72088.34 act as layered support while RSI at 50.82 remains neutral and MACD golden cross signals sustained trend strength, pointing to a potential test of upper band resistance before any deeper pullback to the 50-EMA confluence.
Bitcoinliquidationssupplycost basison chain
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Source: blockchain.news