Glassnode: Bitcoin Is Back At $96K, Hitting The Same Sell Ceiling Again

Jan 15, 2026 - 14:00
Glassnode: Bitcoin Is Back At $96K, Hitting The Same Sell Ceiling Again
Bitcoin’s early-2026 bounce has pushed back into a familiar problem area: a dense pocket of overhead supply that Glassnode says has repeatedly capped rallies since November. In its latest Week On-chain report, the analytics firm frames the move above $96,000 as constructive on the surface, but still largely dependent on derivatives positioning and liquidity conditions...

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