Glassnode： Bitcoin receives strong support at $79000, next test at $83500

Glassnode published an analysis on the X platform stating that upon examining the cost base distribution, Bitcoin received strong support at $79000, with approximately 40000 BTC accumulated at this price point. Meanwhile, Bitcoin has also broken through the resistance zone of $82080 (approximately 51000 BTC). If this price can be held, the next test price is $83500, with 48500 BTC held here. Ethereum seems to be in the range of $1548 to $1599, with 793900 and 732400 ETH held at this price. Support may be forming at $1461, where 380000 ETH have accumulated - which could buffer further decline in the short term.