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Bitcoin (BTC) faces resistance between $84,000 and $85,000 as analysis points to coins largely linked to a single large holder.
Key points:
- Bitcoin faces resistance around $85,000, where 4.3% of the BTC supply last moved onchain.
- Glassnode analysis links the onchain cost basis of 864,520 BTC to Bitcoin’s difficulty sustaining daily closes above $85,000.
- Long-term holders own a combined four million coins with a cost basis between $85,000 and $118,000.
Glassnode ties $85K resistance to large-holder cost basis
In the latest edition of its regular newsletter, The Week Onchain, crypto analytics platform Glassnode flagged another resistance hurdle for BTC price action in the mid-$80,000 range.
On Nov. 22, 2025, a significant portion of the total BTC supply moved onchain. At the time of the transactions, BTC/USD traded between $84,000 and $85,000. The coins that last moved at that price make up 4.3% of the total BTC supply, or 864,520 BTC.
The…
