Bitcoin ‘top buyers’ halt BTC price upside with $87.7K now key: Glassnode

Bitcoin price current resistance near $87,000 was reinforced by investors who bought BTC in late 2025, per new research. Bitcoin (BTC) investors sitting on unrealized losses are capping price gains at $87,700, while ETF inflows strengthen support at $80,000, analysis reveals. New research from onchain analytics platform Glassnode reveals that the breakeven point for a cohort of new Bitcoin holders is currently acting as resistance. Since the start of the year, two groups of holders have kept BTC/USD from moving higher once it challenges their acquisition cost basis.