Bitcoin Support Near $80,550 Faces Weak Spot Demand
Bitcoin is holding near $81,622, with chart support around $80,550, but weak spot demand is leaving the potential bottom fragile. CryptoQuant contributor XWIN Research Japan says Bitcoin has moved from a phase of fewer sellers towards a possible bottom, while a sustained rally still depends on buyers returning.
CryptoQuant’s apparent-demand measure, which compares new supply with coins absorbed by the market, remains near its weakest level of 2026. Its one-year reading has been negative since May and is now below -800,000 BTC. The 30-day measure has also been negative through September and October. Reduced selling has helped Bitcoin withstand recent shocks, but the data does not yet show strong buying pressure.
On the daily chart, horizontal support at $80,556 is close to the 50-day moving average at $80,624. Bitcoin is above both, as well as the 200-day average at $76,024. Resistance is identified at $87,337; a lower downside reference is $74,340. The analysis therefore sees the $80,550 area as a key test, not a guarantee that support will hold.
The article also mentions Bitcoin Hyper, a proposed Bitcoin Layer 2 project with Solana Virtual Machine integration. It reports a presale price of $0.0136875 and more than $33 million raised; these are project-reported figures, not evidence of stronger Bitcoin demand.
Neutral
The overall signal is neutral, with a cautious downside tilt. Bitcoin has held above a converged support zone near $80,550, and lower selling pressure may help limit immediate losses. However, CryptoQuant’s apparent-demand readings remain deeply negative, indicating that reduced selling has not yet been replaced by robust spot buying. The article’s projected support is an analyst assessment, not a confirmed floor.
In the short term, traders may watch $80,556–$80,624 closely. A hold could encourage range trading or a relief bounce, while a decisive break could trigger stop-losses and bring the 200-day average near $76,024, followed by the cited $74,340 level, into focus. Resistance at $87,337 may cap recovery attempts unless spot demand improves. The reported BTC price of $81,622 was down 0.38% on the day.
This pattern resembles previous market pauses in which fading exchange inflows or seller exhaustion stabilised prices without creating a durable rally. Historically, such conditions can produce sideways trading until fresh demand, stronger spot volumes or improving broader market conditions arrive; if they do not, support can fail. Longer term, the demand trend matters more than the apparent seller exhaustion: sustained positive demand would strengthen the recovery case, while continued negative readings would leave Bitcoin vulnerable to renewed volatility. Bitcoin Hyper’s presale claims are separate from Bitcoin’s market fundamentals and should not be treated as evidence of BTC demand.