Bitcoin reached $82,350 after moving into an ascending channel, then pulled back below a critical macro resistance level at $82,825. The advance followed a recovery that had previously stalled near $83,000, while Glassnode’s Accumulation Trend Score fell to 0.37, indicating wallet cohorts had shifted toward net distribution for the first time since early June. Wallets holding more than 1,000 BTC led selling activity, reversing nearly three months of broad accumulation. The price action leaves Bitcoin positioned for another attempt to clear $82,825, while moving-average signals, exchange flows and derivatives positioning continue to offer mixed market indicators.