比特币面临接近 8 万美元的困境，因为天花板仍然很高，最近的买家纷纷撤离

On Apr. 22, Bitcoin price registered an intraday high of $79,485 as broader risk assets bounced on relief from a ceasefire. On-chain data frames Bitcoin's (BTC) approach to $80,000 as a behavioral tripwire, a ceiling built from the breakeven psychology of recent buyers. Glassnode says BTC has reclaimed the True Market Mean at $78,100, a threshold the firm frames as the boundary between deep bear market conditions and a regime where mean reversion is credible. According to a recent report , Glassnode says the market faces a harder problem around $80,000, where three seller mechanisms stack on top of one another, each reinforcing the next. The first is the Short-Term Holder Cost Basis at $80,100, the average acquisition price for coins bought in the last 155 days. That cohort is the most price-sensitive segment of the market, and breakeven converts to supply, as buyers who waited months to get flat rarely take on more risk the moment they recover their entry price. The second is the 54% in-profit line, as a push toward $80,100 would carry the share of short-term holder supply into profit above the 54% statistical mean that Glassnode ties to peak distribution during bear-market rallies. Once enough recent buyers are back in the money, relief converts to selling at a pace the market must absorb. The third mechanism is that short-term holders' realized profits have surged to $4.4 million per hour, nearly three times the $1.5 million per hour year-to-date warning line that Glassnode says marked every prior local top this year. The market is already testing if fresh demand can absorb that selling. A chart maps Bitcoin's key on-chain price thresholds from $69,900 to $82,000, highlighting the reclaimed True Market Mean at $78,100 and the Short-Term Holder Cost Basis resistance at $80,100. The macro backdrop Bitcoin is pressing against that overhead supply zone into a restrictive macro backdrop. March US CPI rose 0.9% month over month and 3.3% year over year, with gasoline ac