The Week On-Chain 18, 2026
Bulls Approach the Ceiling

#BTC pushes beyond $80K toward key resistance near $85K, with bulls in control. ETF demand builds and shorts persist, but overhead supply may cap upside without stronger spot follow-through.


Executive Summary
- Bitcoin has broken above the True Market Mean at $78.2k and Short-Term Holder Cost Basis at $79.1k, with holding above these levels suggesting a short-lived deep value phase and $85.2k as the next key resistance.


- Glassnode’s Moderate Strategy has re-entered allocation after BTC reclaimed ~$76K, capturing recent upside while maintaining a focus on downside protection.

- Front-end implied volatility has repriced higher following the breakout, while realized volatility lags, rebuilding a positive volatility risk premium.



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