Bitcoin is back around $80,500 after failing above $87,000, and buyers of the past two years break even right up there. Glassnode says they have turned the coin back twice this year. Polymarket odds o

What happened: Bitcoin rebounded over the summer, rose above $87,000, then fell back to about $80,000, with investors selling into rallies to break even or take profits. Key numbers: Bitcoin above $87,000 at one point, back to $80,000 and around $80,500 on Tuesday. Polymarket odds of $100,000 by year end at 17%, $110,000 at 9%. Why it matters: Glassnode says a close below $81,500 puts the average ETF holder at a loss and removes the nearest on-chain support. Bitcoin remains tied to tech and macro forces, and executives including Bitget's Gracy Chen say a pure bull run is not confirmed yet.

Bitcoin rebounded over the summer, rose above $87,000, then fell back to about $80,000, with investors selling into rallies to break even or take profits.

Glassnode says a close below $81,500 puts the average ETF holder at a loss and removes the nearest on-chain support. Bitcoin remains tied to tech and macro forces, and executives including Bitget's Gracy Chen say a pure bull run is not confirmed yet.