Bitcoin faces resistance at $87,700, ETF inflows support $80,000 level

Bitcoin investors who entered the market during the latter part of 2025 are now capping price gains at $87,700, according to fresh analysis from Glassnode. The study attributes this resistance to the aggregated cost basis of these holders, which is now acting as a ceiling for further upward moves. Glassnode, an onchain analytics provider specializing in blockchain-based market insights, identified that Bitcoin’s price action is increasingly constrained by the breakeven points of specific investor cohorts.