The Week On-Chain – 18, 2026


Bulls Test the Ceiling 🚀
Bitcoin has surged past $80K and is now approaching a critical resistance zone near $85K. Bulls are clearly in control, fueled by growing ETF demand and persistent short positions. However, without stronger spot market momentum, overhead supply could slow further upside.
Executive Summary:
• BTC has reclaimed key levels above the True Market Mean ($78.2K) and Short-Term Holder Cost Basis ($79.1K). Holding above these signals that the recent deep value phase may have been short-lived, with $85.2K now acting as the next major resistance.
• Glassnode’s Moderate Strategy has stepped back into allocation after BTC moved above ~$76K, capturing recent gains while still prioritizing downside protection.
• Implied volatility on the front end has risen sharply after the breakout, while realized volatility remains lower — creating a renewed positive volatility risk premium.
#Bitcoin #BTC #Crypto #OnChainAnalysis #Trading $BTC
BTC0.57%
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