EconomyBitcoin’s failed breakout exposes a risky mix of thin trading and profit-taking
Bitcoin is down nearly 5% this week after failing to hold above $85,000, with weak volume and profit-taking weighing on its rebound. Glassnode found an unusually high share of exchange-bound coins came from short-term holders in profit. CryptoQuant put the average cost basis for buyers from the past month at $81,900, a potential next test.
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CryptoSlate★★☆☆☆2026-10-08 10:00Original
Bitcoin’s failed breakout exposes a risky mix of thin trading and profit-taking
Economy