Glassnode data puts the average cost basis of recent Bitcoin buyers at about $87,700, and many may sell once the price returns there. As of October 21, 2026, Bitcoin traded at $83,495, up 2.5% over the day, which puts potential selling pressure about 5% above the current price. Bitcoin has failed below the $87,700 area three times, peaking at $87,397, $87,283 and $87,249 and closing lower each time, even though it rallied 27.7% over the last 90 days. The article notes that an average hides a wide price range and that much trading happens off-chain, while spot ETF inflows swung from $526.6 million on October 19 to $23.2 million on October 20. K33 notes 28-day volatility has fallen to 1.2%, and Bitcoin remains above its 50-day moving average of $81,567.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bitcoin Price Analysis : Recent Buyers Break Even Near $87 , 700 . Could Their Selling Stop BTC Rally ?
Read the original on 247wallst.com ↗
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/20/2026 | 83,028.15 |
| Change that session | +1.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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