“Bitcoin Price Recovery May Stall as 4M BTC Bought Above $85K Forms Resistance: Glassnode” — what this page in the network covers. Bitcoin's recovery could face a major hurdle as on-chain data from Glassnode reveals that approximately 4 million BTC were acquired at prices above $85,000. This massive supply cluster, now potentially underwater, may act as strong resistance if the market attempts to rally. The analysis comes just a day after the U.S. Federal Reserve decided to keep interest rates unchanged, a move that added to market uncertainty.
Bitcoin is currently trading near the average cost basis of U.S. spot ETF holders, a level that could trigger selling pressure from investors looking to break even. The $85K threshold is now a critical battleground: a decisive move above it could reignite bullish momentum, but failure to reclaim it might lead to prolonged consolidation or further downside. This listing links straight to the original page, where the content is available in full.