Bitcoin ‘top buyers’ halt BTC price upside with $87.7K now key: Glassnode
Summary
Glassnode analysis identifies Bitcoin holder cost bases as key price barriers. The 6–12-month cohort’s $87,700 breakeven level, alongside the 2026 opening price and 20-month moving average near $87,000, may resist gains as underwater buyers sell to exit at breakeven. Below spot, support is concentrated around $80,000–$81,500, where ETF cost basis and order-book liquidity overlap. If that zone breaks, the true market mean near $77,500 and short-term holder breakeven at $74,600 are potential lower support levels.
