Bitcoin Presses Toward $80K With Major Supply Cluster Near ETF Cost Basis

Bitcoin is closing in on a major $80,000-$82,000 supply zone, creating a potentially important hurdle for the ongoing rally. The region also overlaps with the cryptocurrency’s 50-week moving average.

Glassnode’s Realized Price Distribution (URPD) data indicates that almost 8% of Bitcoin’s total supply was acquired between $80,000 and $82,000. The metric maps BTC holdings to their estimated acquisition prices, helping identify areas where large amounts of supply are concentrated.

Around 5% of Bitcoin’s supply sits near $80,000, making it the largest concentration at a single price point. Approximately 3.7% is concentrated around $78,000, while $82,000 also represents one of the market’s larger supply clusters.

These levels could generate resistance if Bitcoin continues higher. Investors who purchased BTC around these prices may be inclined to sell when the market reaches their entry levels, potentially increasing available supply.

The $80,000-$82,000 range also aligns with the average cost basis of deposits into U.S. spot Bitcoin ETFs, adding another potential source of selling pressure as ETF investors approach break-even.

Bitcoin previously encountered a similar concentration between $60,000 and $63,000, where more than 6% of supply was accumulated. That region later became a significant support area following months of trading within the range. Although BTC briefly dropped below $60,000 during the summer, it quickly recovered the level.

Bitcoin is also approaching its 50-week moving average, which currently stands around $81,081. The indicator tracks the average closing price over the past 50 weeks and is widely watched as a longer-term trend gauge.

BTC has traded below this average since November 2025. Previous sustained moves above the indicator, including breakouts in May 2020 and March 2023, preceded prolonged bullish runs. As a result, a decisive move above the current moving average could become an important signal for Bitcoin’s next major trend.