THE $80K TEST
The rally becomes real only after the squeeze runs out.
Three prices separate forced buying from durable spot demand.
$80.0K
reclaimed
$82.0K
short cluster
$83.9K
cost-basis wall begins
898K BTC bought at $83.9K–$85.2K
Bull confirmationSpot and ETF buying absorb the wall; price accepts above $85.2K.
Squeeze onlyOpen interest rebuilds while spot demand fades below the wall.
Failed breakoutETF flows turn negative and BTC loses $80K after rejection.
Framework uses Glassnode cost-basis analysis reported by Cointelegraph/TradingView and current liquidation data. Levels are decision points, not forecasts.