Bitcoin ‘top buyers’ halt BTC price upside with $87.7K now key: Glassnode
Bitcoin's price upside is currently being capped near $87,000, according to Glassnode, as 'top buyers' who acquired BTC in late 2025 are resisting further gains. This level represents a key resistance zone for the cryptocurrency.
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Key resistance level identified by on-chain data.
On-chain analysis from Glassnode indicates that Bitcoin's upward momentum is facing significant resistance around the $87,000 mark. This resistance is attributed to a cohort of investors who purchased Bitcoin at higher price points, specifically those who accumulated in late 2025. These 'top buyers' appear to be holding onto their positions, potentially waiting to break even or exit at a profit, thereby limiting further price appreciation. The $87,000 level has thus emerged as a critical psychological and technical barrier that Bitcoin must overcome to continue its rally. Market participants are closely monitoring this zone for signs of accumulation or distribution.
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