4M Bitcoin Bought Above $85K Could Cap Recovery: Glassnode

Decrypt10-29 16:32

In brief Long-term Bitcoin holders own about 4 million BTC bought between $85,000 and $118,000, mostly in 2025, according to on-chain analytics firm Glassnode. Bloomberg Intelligence puts the average ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2679282145?lang=en_US&edition=fundamental","thumbnail":"https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/06/Bitcoin-B2-decrypt-style-gID_7.png@webp","is_english":true,"pubTime":"2026-10-29 16:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2679282145","market":"nz","top_or_hot":-1,"title":"4M Bitcoin Bought Above $85K Could Cap Recovery: Glassnode","media":"Decrypt","content":"<div>\n<p>In brief\nLong-term Bitcoin holders own about 4 million BTC bought between $85,000 and $118,000, mostly in 2025, according to on-chain analytics firm Glassnode.\nBloomberg Intelligence puts the average ...</p>\n\n<a href=\"https://decrypt.co//382161/4m-bitcoin-bought-above-85k-could-cap-recovery-glassnode\">Source Link</a>\n\n</div>\n","source":"decrypt_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4M Bitcoin Bought Above $85K Could Cap Recovery: Glassnode</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4M Bitcoin Bought Above $85K Could Cap Recovery: Glassnode\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-29 16:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://decrypt.co//382161/4m-bitcoin-bought-above-85k-could-cap-recovery-glassnode><strong>Decrypt</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In brief\nLong-term Bitcoin holders own about 4 million BTC bought between $85,000 and $118,000, mostly in 2025, according to on-chain analytics firm Glassnode.\nBloomberg Intelligence puts the average ...</p>\n\n<a href=\"https://decrypt.co//382161/4m-bitcoin-bought-above-85k-could-cap-recovery-glassnode\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBXO","symbol_name":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","start_time":0,"source_url":"https://decrypt.co//382161/4m-bitcoin-bought-above-85k-could-cap-recovery-glassnode","article_id":"2679282145","we_media_id":null,"thumbnails":["https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/06/Bitcoin-B2-decrypt-style-gID_7.png@webp"],"rights":{"source":"decrypt_highlight","url":"https://decrypt.co//382161/4m-bitcoin-bought-above-85k-could-cap-recovery-glassnode","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2679282145","pubTimestamp":1793262767,"columns":[],"sourceInfo":{"source_id":"decrypt_highlight","name":"Decrypt"},"weMediaInfo":null,"summary":"Bitcoin's long-term holders are sitting on losses on about 4 million BTC bought between $85,000 and $118,000, and many may sell if the price climbs back toward that level, according to a note from on-chain analytics firm Glassnode.\nGlassnode, which defines long-term holders as those holding coins for more than 155 days, said most of that block was bought in 2025. More than half of all long-term holder coins were bought above the current price, according to the note, published Wednesday ahead of...","collect":0,"end_time":0,"defaultTopTitle":"decrypt.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BRRR":"比特币ETF-CoinShares","BPI":"Grayscale Bitcoin Premium Income ETF","DEFI":"比特币期货ETF-Hashdex","BTCC":"Grayscale Bitcoin HIGH Income ETF","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","BTRN":"比特币期货ETF-Global X","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BTCI":"NEOS Bitcoin High Income ETF","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","ARKB":"比特币ETF-21Shares","GBTC":"比特币ETF-Grayscale","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BCCC":"Global X Bitcoin Covered Call ETF","IBIT":"比特币ETF-iShares","SBIT":"2倍做空比特币期货ETF-Proshares","BITX":"2倍比特币期货ETF-Volatility Shares","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BTCO":"比特币ETF-Invesco Galaxy","MAXI":"比特币期货ETF-Simplify","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","BITB":"比特币ETF-Bitwise","HODL":"比特币ETF-VanEck","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","BITC":"Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","BETH":"比特币&以太币期货ETF-ProShares","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BTCW":"比特币ETF-Wisdom Tree","MNRS":"GRAYSCALE BITCOIN MINERS ETF","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","BITI":"1倍做空比特币期货ETF-Proshares","EZBC":"比特币ETF-Franklin","FBTC":"比特币ETF-Fidelity","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","BTF":"比特币&以太币期货ETF-CoinShares","BITO":"比特币期货ETF-ProShares","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","YBTC":"比特币看涨期权ETF-Roundhill","BTC":"Grayscale Bitcoin Mini Trust"},"translate_title":"Glassnode：4M 比特币购买超过 8.5 万美元可能会限制复苏","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRRR":0.6,"IBIT":0.6,"BETE":0.6,"CBXY":0.6,"EZBC":0.6,"BTCI":0.6,"FBTC":0.6,"BPI":0.6,"BTRN":0.6,"QBF":0.6,"CBTA":0.6,"BITB":0.6,"MNRS":0.6,"DEFI":0.6,"BTCC":0.6,"CBOY":0.6,"BFJL":0.6,"SBIT":0.6,"CBOA":0.6,"BITX":0.6,"HODL":0.6,"DFII":0.6,"CBXA":0.6,"BTCO":0.6,"BTF":0.6,"BCCC":0.6,"CBXO":0.6,"CBOO":0.6,"ARKB":0.6,"BTCL":0.6,"BTCW":0.6,"BFAP":0.6,"BTC":0.6,"BTCZ":0.6,"YBTC":0.6,"CBTY":0.6,"CBXJ":0.6,"MAXI":0.6,"BITO":0.6,"BITY":0.6,"XBTY":0.6,"BETH":0.6,"CBTJ":0.6,"CBTO":0.6,"BAGY":0.6,"GBTC":0.6,"BITC":0.6,"BITI":0.6},"content_text":"In brief\nLong-term Bitcoin holders own about 4 million BTC bought between $85,000 and $118,000, mostly in 2025, according to on-chain analytics firm Glassnode.\nBloomberg Intelligence puts the average cost basis of U.S. spot Bitcoin ETF holders just under $82,000, with Bitcoin trading around $81,600.\nThe Federal Reserve held rates at 3.75% to 4.00% on Wednesday in a 10-2 vote, with traders putting the odds of a December hike above 70% beforehand.\nBitcoin's long-term holders are sitting on losses on about 4 million BTC bought between $85,000 and $118,000, and many may sell if the price climbs back toward that level, according to a note from on-chain analytics firm Glassnode.Glassnode, which defines long-term holders as those holding coins for more than 155 days, said most of that block was bought in 2025. More than half of all long-term holder coins were bought above the current price, according to the note, published Wednesday ahead of the Federal Reserve's rate decision.\n$85K keeps turning $BTC back.  Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break. More in depth analysis in our latest Week on Chain report https://t.co/xy8lE3ilt3\n— glassnode (@glassnode) October 28, 2026That block is worth about $326 billion at Bitcoin's current price of around $81,400, up 1.2% over the past 24 hours but about 35% below its all-time high of $126,080.Glassnode said a band between $84,000 and $85,000 has turned Bitcoin back four times this year, and that the asset has closed above it on only five days since January. Bitcoin last broke above it in September, peaking at $87,100.ETF holders are near break-even too. Glassnode puts the average price U.S. spot Bitcoin ETFs paid for their coins at $81,500. Bloomberg Intelligence ETF analyst James Seyffart estimated the figure at just under $82,000 in a tweet on Wednesday, adding that Bitcoin has hovered around that level since the end of August.Seyffart's chart put ETF holders' average unrealized loss at about $2.63 billion as of Monday. In replies, he said the estimate tracks only fund flows, not what secondary-market buyers paid.BitcoinBTC · USD$81,399+0.14%24H7D1M1YYTDOct 22Oct 24Oct 26Oct 27Oct 29$82.0k$81.2k$80.4k$79.6k24h HighHigh$81,69824h LowLow$79,636VolVol$1.3B→Buy Bitcoin with USDTPowered by Jupiter$50$100$500BuyPrice data by CoinGeckoCoinGeckoMore Bitcoin news and projections →Rates, flows and the carry tradeThe Fed held its benchmark rate at 3.75% to 4.00% on Wednesday in a 10-2 vote, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a hike. Traders had put the odds of another quarter-point hike in December above 70% before the decision.Tim Sun, senior researcher at HashKey, argued that a December hike had been priced in to a certain extent. \"What truly constrains Bitcoin's performance,\" he told Decrypt, \"is the persistently high U.S. Treasury yields and real interest rates, which are significantly raising the opportunity cost for investors holding risk assets.\"The 10-year Treasury yield stood just under 5% at midday on Thursday, according to CNBC, down from 5.05% at Wednesday's close and a 52-week high of 5.37% on October 7.Sun added that lower funding rates on Bitcoin perpetual futures have squeezed returns on cash-and-carry arbitrage, which pairs spot Bitcoin with short futures. Galaxy Research found that nine hedge funds and banks cut 68,000 BTC worth of spot ETF exposure as that trade dried up, while wealth platforms and sovereign funds added.ETF flows have picked up this week. U.S. spot Bitcoin ETFs took in about $424 million from Monday to Wednesday, per SoSoValue data, after $635 million left the funds on October 22.\"Any rally above $85,000 could face selling pressure from long-term holders seeking to break even,\" Sun said, echoing Glassnode.Both pointed to light selling, however. Glassnode said holders have realized smaller losses with each dip since August: at the August low, realized losses outweighed profits by about $630 million in a day, while around a dip on October 24 the largest daily net loss was about $27 million.Myriad: How much gold to buy 1 BTC next? Click to make your prediction.\"The core issue facing the market right now is not panic selling, but rather insufficient new buying interest to support a sustained recovery,\" Sun said.On the downside, Glassnode pointed to about $42 million in bids between $78,000 and $79,000 on Binance, and the average cost basis of newer buyers at $75,800.Sun expects Bitcoin to keep trading between $75,000 and $85,000 in the short term until macro liquidity improves and ETFs resume continuous net inflows. Whether selling pressure near $85,000 can be absorbed \"will serve as an important signal to determine whether the market can regain strength,\" he said.Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more. Email addressJoin freeJoin 72,000+ readersCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2679282145","isCrawlerRequest":true}