Bitcoin Faces Final Hurdle at $82K-$86K

Bitcoin's price surge in recent days has led to speculation about its next move. According to data from Glassnode, the cryptocurrency climbed 26% from its mid-August low after falling prices left traders heavily positioned for further downside.

This short selling activity accounted for approximately $1.4 billion of the total liquidated positions, contributing to the price reversal on August 19th.

Moreover, a significant inflow into Bitcoin ETFs of around $2.23 billion reinforced spot demand and helped drive the price action in derivatives markets.

However, Bitcoin now faces its remaining short cluster between $82,000 and $86,000 (bright yellow zones). Clearing this band would remove the final liquidity barrier below January's high.