Glassnode Analysis Suggests Bitcoin Price Floor Near $80K Amid Seller Exhaustion
On-chain data indicates Bitcoin may be nearing a price floor around $80,000 as loss-selling pressure shows signs of easing.
On-chain data indicates Bitcoin may be nearing a price floor around $80,000 as loss-selling pressure shows signs of easing. Bitcoin (BTC) is trading at ₹77,09,496 ($81,088.00), down 0.4% since this brief published. This is an original Token Times brief synthesising 2 outlets (Brave New Coin, Blockonomi), plus live market data, as of Sun, 18 Oct 2026 15:15:01 UTC.
This development suggests Bitcoin may be approaching a potential stabilization point after recent volatility, which could influence short-term trading strategies and market sentiment.
- Bitcoin's recent loss-selling near $80K suggests selling pressure may be easing.
- Glassnode's data indicates potential for a price floor around this level.
- Bitcoin currently trades at $81,375 with minimal 24-hour price movement.
Brave New Coin reports that Glassnode's on-chain data shows Bitcoin's recent price decline near $80,000 has been accompanied by signs of seller exhaustion, suggesting a potential price floor. No other outlets have corroborated this specific analysis, so the broader market impact remains to be seen.
According to Glassnode's on-chain data analyzed by Brave New Coin, 
Bitcoin's recent price decline towards the $80,000 level has been accompanied by indicators of potential selling pressure exhaustion.
This suggests that the cryptocurrency may be nearing a price floor around this key level, which could provide a foundation for future price movements.
The analysis comes as Bitcoin's price has stabilized somewhat after recent volatility, with the current price at $81,375, representing a minimal 0.04% decrease over the past 24 hours.
The broader cryptocurrency market remains relatively flat, with a total market capitalization of $2.79 trillion. Bitcoin's market cap stands at $1.64 trillion, maintaining its position as the dominant cryptocurrency.
The Crypto Fear & Greed Index currently sits at 53, indicating a neutral market sentiment. This suggests that while there are signs of potential stabilization, investors remain cautious.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹77,36,783.22$81,375.00 to ₹77,09,496.50$81,088.00 — -0.35%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.56M (about $81,088.00), down 0.5% over 24 hours. The rupee itself trades about 11.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Glassnode Analysis Suggests Bitcoin Price Floor Near $80K Am — questions & answers
What does Glassnode's data indicate about Bitcoin's price?
Glassnode's data suggests Bitcoin may be nearing a price floor around $80,000 due to signs of selling pressure exhaustion.
How has Bitcoin's price performed recently?
Bitcoin's price has declined slightly to $81,375, with a 24-hour change of -0.04%.
What is the current market sentiment for cryptocurrencies?
The Crypto Fear & Greed Index is at 53, indicating a neutral market sentiment.
How much is 1 Bitcoin worth in rupee today?
About ₹8.56M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,088.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.35% since this brief first published — trading at ₹77,09,496 ($81,088.00) now versus ₹77,36,783 ($81,375.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Brave New Coin, Blockonomi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.