Four Million Bitcoin Have Cost Bases Between $85,000 and $118,000

About four million Bitcoin held more than 155 days last moved at prices from $85,000 to $118,000, creating a potential break-even selling overhang near $85,000. Most coins in that range last moved in 2025, and more than half of the cohort had cost bases above Bitcoin’s market price during the Oct. 28 analysis. The long-term-holder measure groups coins by how long they have been held, not by the identity of their owners. “If price recovers toward $85K, many of these holders may sell to get their money back,” Glassnode wrote.