🚨 Bitcoin Breakout Incoming? Traders Eye $82K as Market Resets

Bitcoin's price action is flashing bullish signals—again. After weeks of consolidation, analysts whisper about a potential run toward $82,000. Here's why traders are stacking sats.

The Reset Nobody Saw Coming

Market cycles move fast. One minute you're celebrating new ATHs, the next you're explaining to your altbag-holding friend why 'diversification' doesn't mean 37 shitcoins. But BTC's recent pullback smells more like a springboard than a collapse.

Liquidity Hunt in Progress

Order books show massive liquidity pools near $82K—the exact level whales would love to tap before the next leg up. Meanwhile, retail traders still think 'HODL' means checking Coinbase every 17 seconds.

Will this be the reset that catapults Bitcoin into price discovery? Or just another fakeout for overleveraged degens? Either way—grab your popcorn (and maybe some risk management).

Clues that Bitcoin might be headed for a deeper pullback

Source: Glassnode

According to Glassnode’s MVRV Extreme Deviation Pricing Bands, BTC’s price fell below the +0.5σ band on the 21st of June. The price was sitting at $102,159, while the +0.5σ stood at $102,770.

A MOVE below this band historically hints at a broader correction.

The extreme deviation pricing bands allow us to gauge when the market is in extreme unrealized profit or unrealized loss. It is derived from the MVRV ratio and offers a statistically significant approach.

In fact, the last such breakdown in February 2025 led to a six-week-long bleed toward the mean band, which sat at $83,171.

Based on that trajectory, BTC may be on track for a return to $82K–$83K, unless sentiment turns swiftly.

Buying power builds, but will bulls show up?

Source: CryptoQuant

The price drop saw the Stablecoin Supply Ratio (SSR) plummet, but it was nowhere NEAR the levels from March and April.

The falling metric meant that the stablecoin market cap was rising relative to BTC’s market cap, which implied increased buying power in the market.

Source: Glassnode

Rising buying power doesn’t guarantee an immediate uptrend. Despite increasing sidelined capital, the downside risk still looms.

According to Glassnode, Bitcoin’s Price Drawdown from its All-Time High stood at -8.75% on the 21st of June. 

Historically, drawdowns in past cycles have ranged from 20% to over 50% before a recovery.

In early April, BTC saw a 24% correction, reminding investors that even strong rallies often come with painful pullbacks.

A clean breakout above ATH may not come easily—volatility could continue, with a possible dip below $100K before the next major move.