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Bitcoin (BTC) Faces $88,000 Supply Wall That Decides Its Recovery

COINOTAG·October 16, 2026·1 min read
Bitcoin (BTC) Faces $88,000 Supply Wall That Decides Its Recovery

Bitcoin fell below $80,000 as short-term holders moved 45,600 BTC to exchanges on October 9. Glassnode identifies $88,000 as a critical supply wall that will decide Bitcoin's recovery. If the price fails to break through, further downside may follow, but a successful push could signal renewed bullish momentum.

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