Why Bitcoin Can't Break Through $85,000? Glassnode Has the Answer
Bitcoin has failed multiple times to sustainably surpass the $85,000 threshold. According to Glassnode, a significant portion of selling pressure may come from long‑term holders owning approximately 4 million BTC that…
Bitcoin has failed multiple times to sustainably surpass the $85,000 threshold. According to Glassnode, a significant portion of selling pressure may come from long‑term holders owning approximately 4 million BTC that were purchased between $85,000 and $118,000. Each retreat toward $85,000 allows those who bought at the lower end of that band to sell and recover their stake without loss. The article Why Bitcoin Can't Break Through $85,000? Glassnode Has the Answer first appeared on Cryptoast.
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- Cryptoast28 Oct, 19:56Why Bitcoin Can't Break Through $85,000? Glassnode Has the Answer ↗Figures: 4 millions
| Publisher Cryptoast (general tier) | +72 |
| Detailed summary | +2 |
| Total | 74 |
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