CoinEx News: Glassnode’s Week 34, 2026 on-chain report says Bitcoin’s latest rebound was ignited by record short liquidations on August 19. Short positions accounted for 85% of liquidations during the rally window. Futures open interest measured in BTC fell 11%, while perpetual funding remained near neutral, suggesting the move was not followed by heavy leveraged-long chasing.

Spot demand then provided support. U.S. spot Bitcoin ETFs recorded $2.23 billion in net inflows over seven days, with no daily outflows, marking their strongest seven-day intake of 2026. Glassnode’s 30-day accumulation score also remained at or above neutral across all six wallet-size groups. However, gains were still concentrated in Bitcoin and large-cap assets, while smaller tokens lagged, showing that market participation has not yet broadened.

Glassnode identifies $81,000–$86,000 as the main resistance zone, where long-term holder cost bases, resting sell orders, an options positioning threshold and remaining liquidation levels converge. A sustained move above $83,300, supported by continued ETF inflows, would suggest that overhead supply is being absorbed. Below the market, $70,000 is the short-term holder cost basis, while $62,000–$65,000 remains the stronger structural support area.