Bitcoin's price is currently confined between a strong support floor at $62K-$65K and a dense resistance zone at $83K-$86K, according to Glassnode's on-chain data. The August 19 short squeeze consumed 86% of available short liquidation fuel, triggering a 26% rally but leaving a significant supply cluster between $82K and $86K that acts as a ceiling. For Bitcoin to break above this resistance, it must absorb the remaining liquidation pressure and overcome profit-taking by long-term holders. The $80K-$82K range, holding about 8% of Bitcoin's supply, is a critical level that will indicate whether a breakout or rejection is likely next.
Marshall Tucker, CFO of Smucker, sold 18,482 shares of the company, generating $2.4 million from the sale. This insider transaction may indicate personal financial planning or a shift in confidence, which investors often watch closely. The sale's imp...
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