Glassnode identifies $87,700 as key resistance for Bitcoin price

Bitcoin investors who bought in late 2025 have a breakeven cost basis of $87,700, which now acts as resistance. Price gains are capped as this cohort and others holding between six to twelve months and one to two years prior face losses, triggering sell-side pressure. Additionally, $80,000 strengthens as support as ETF inflows and short-term holder breakeven levels converge around this psychological mark.