Bitcoin ‘top buyers’ halt BTC price upside with $87.7K now key: Glassnode

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.