**[Garrett Jin: Bitcoin Needs to Absorb Selling Pressure at $82,500, Focus on Three Key Indicators]** BlockBeats News, August 28 – "BTC OG Insider Whale" representative Garrett Jin shared his market insights, stating that Bitcoin is approaching a supply-heavy zone. The critical range remains between $80,000 and $82,500, where a significant amount of Bitcoin's on-chain cost basis is concentrated. This range was formed during the last wave of price increases before selling pressure emerged. However, not all of these tokens necessarily need to be traded. On the other hand, capital flow data appears positive. As of August 26, U.S. spot ETFs have absorbed funds for eight consecutive trading days, totaling approximately $2.8 billion. The total inflow for August has reached about $3.3 billion, making it the highest month for inflows so far this year. On-chain data shows that the seven-day moving average of net realized profit and loss is positive, at approximately $752 million. Realized profits are close to $1.1 billion, while realized losses stand at $354 million. Despite the supply overhead, spot demand is surging. Garrett Jin believes that if Bitcoin consistently closes above $82,500, it would indicate that the redistribution of tokens is nearing completion (i.e., supply has been sufficiently absorbed). On the downside, the key level to watch is $76,600, which is close to the cost basis of short-term holders. A single-day close below this level is manageable. However, if at least two of the following three indicators simultaneously deteriorate, it would signal a genuine warning: ETF fund flows, Coinbase premium, and the seven-day exponential moving average of net realized profit and loss. On-chain data reveals that Garrett Jin's address added 600 BTC long positions at a price of $79,000 in the early hours of August 26, valued at $47.4 million. [Original Link]