Opinion: Bitcoin finds support twice at $81,500, with the next key support level at $77,500

October 13: glassnode posted that Bitcoin has rebounded from near the spot Bitcoin ETF cost basis. For most of this year, Bitcoin's price has been below this level, and the May rebound was also blocked before reaching this level.

Currently, this position has acted as support twice around $81,500. If the price falls below this level, the next important support level will be the true market mean near $77,500.