Bitcoin price resistance near $87K reinforced by late 2025 buyers, Glassnode says

Bitcoin keeps running into the same wall near $87,000. According to new on-chain research from Glassnode, that wall is built largely by people who bought BTC in late 2025. Where the resistance comes from Glassnode’s analysis places a dense resistance zone between roughly $87K and $88K. That range reflects the average cost basis of holders who bought from late 2025 into early 2026. Glassnode puts the average cost basis for 6-12 month holders at approximately $88K. When price approaches that level, underwater buyers suddenly see a chance to break even, and many take it. The research narrows the tightest band of resistance to the $87K–$87.8K range. Bitcoin has tested the broader $87K–$88K area multiple times and failed to hold above it, a pattern consistent with steady selling from this cohort. There is a second layer of overhead supply as well. Holders in the 1-2 year bracket carry a cost basis near $100K, which adds more potential sellers further up the ladder. Stuck in the middle Recent trading has kept Bitcoin boxed in between $82K and $84K. Glassnode’s data describe thin volumes and mixed flows into US spot Bitcoin ETFs during this stretch. Glassnode notes that older holders are ...