Glassnode says about 4 million BTC held by long-term holders were bought between $85,000 and $118,000, mostly in 2025, while Bitcoin trades near $81,400. The average price U.S. spot Bitcoin ETFs paid is $81,500 according to Glassnode, leaving ETF holders near break-even. Analysts say the $84,000–$85,000 band has turned prices back several times, and a rally toward that level could prompt long-term holders to sell to break even. The Fed held rates at 3.75% to 4.00% in a 10-2 vote, while the 10-year Treasury yield sat just under 5%. ETF inflows picked up to about $424 million from Monday to Wednesday, but Tim Sun of HashKey argues the core issue is insufficient new buying rather than panic selling.
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/28/2026 | 81,343.50 |
| Change that session | +0.54% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/28/2026 | 2,359.68 |
| Change that session | +0.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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