Glassnode pinpoints $53,400 as Bitcoin's likely floor as price sits 19% below its True Market Mean with a wall of sellers overhead.

With bitcoin testing its 200 week moving average, on-chain data suggests the $50,000 to $54,000 range could become the next key battleground.

BTC slips 3.6% amid a global market sell-off and record ETF outflows. Experts warn of a hard ceiling ahead of the $10.6B options expiry.