BlockBeats News, September 7 - According to Glassnode data, BTC is facing significant selling pressure near $83,000, with all holder address cohorts across every size having fully turned to net selling, marking the first time this has occurred since early June, as overall market distribution pressure rises.

Following BTC's recent rally, whales and other holder groups have begun increasing distribution, with the market continuously facing resistance around $83,000. However, BTC's potential "golden cross" still provides some support for bulls, and short-term market direction will depend on whether buyers can absorb the current distribution pressure and break through this key resistance level.