Markets

Glassnode Reports 4 Million Bitcoin Were Bought Above $85,000

October 29, 2026, 4:32 PM UTC (4 hours ago) · 1 source · Summarized by CryptoBipto

Blockchain analytics firm Glassnode has reported that approximately 4 million Bitcoin were acquired at prices above $85,000. The firm suggests this large volume of coins held at higher cost bases could create selling pressure during any price recovery toward those levels.

WHY IT MATTERS

When people buy Bitcoin at a certain price and the price later drops, they are said to be "underwater" — meaning their investment is worth less than what they paid.

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SOURCES

decrypt.co

BTCOn-Chain AnalysisBitcoin SupplyMarket ResistanceGlassnode

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