Glassnode says the $84,000–$85,000 range acted as resistance, with 4.3% of BTC supply (864,520 BTC) last moving onchain at that price, largely linked to a single large holder moving funds among wallets in transactions on Nov. 22, 2025. The range has acted as both support and resistance over the past 11 months, and Bitcoin has recorded only five daily closes above it, never more than three in a row. Long-term holders own around 4 million coins that last moved onchain between $85,000 and $118,000, with more than half bought above the current price, and their SOPR of 0.99 indicates they are moving coins at an aggregate loss. Glassnode says that if price recovers toward $85K, many of these holders may sell to get their money back, while a run of daily closes above $85K would turn the band back into support.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/28/2026 | 81,343.50 |
| Change that session | +0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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