Bitcoin fell to $79,800 on Oct. 15 before reaching an intraday high of $82,634, but the recovery left a weaker layer of bids beneath the $80,000 level, according to Glassnode. Large bids that
Bitcoin fell to $79,800 on Oct. 15 before reaching an intraday high of $82,634, but the recovery left a weaker layer of bids beneath the $80,000 level, according to Glassnode. Large bids that had sat at $80,000 for the prior week were filled, then replaced; the remaining stack below the level was smaller after that refill.
ETF flows are another part of the demand picture, as outlined in Bitcoin ETF demand near the $80,000 support zone.
Perfect liquidity hunting
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— CoinGlass (@coinglass_com) October 15, 2026
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Glassnode’s heatmap tracked resting orders on Binance’s BTC/USDT spot book on Oct. 15. Before 13:00 UTC, bitcoin traded between $80,500 and $81,900 while a thick concentration of buy orders remained at $80,000, a level that had acted as a visible bid wall during the preceding week.
From 13:00 to 14:00 UTC, BTC slipped to $79,800 and the $80,000 orders were consumed. About 20 minutes later, Glassnode’s annotations showed a new large bid just below $80,000. Buyers then moved their bids higher between 15:00 and 18:00 UTC, as bitcoin climbed to $82,634.
A separate resting bid appeared near $82,000 during the evening, and the source reported that price held above it afterward.
Liquidation Heatmap Coinglass
About $930 million in leveraged positions were wiped out during the dip, including approximately $780 million in long positions.
During the subsequent recovery, roughly $53 million in short positions were liquidated. That short squeeze helped BTC move back above $82,000, but the source characterized the effect as a one-time lift rather than sustained buying: liquidations close existing positions and do not, by themselves, create continuing spot demand.
The distinction matters for interpreting the price action. A rebound driven partly by short covering can lift prices quickly while leaving the market dependent on new buyers to maintain the advance. If bids below $80,000 are thinner, the depth available to absorb another wave of selling becomes an important part of the next test. The interaction between crowded leverage and forced liquidations can magnify moves when liquidity is limited.
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