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Bitcoin (BTC) investors sitting on unrealized losses are capping price gains at $87,700, while ETF inflows strengthen support at $80,000, analysis reveals.
Key points:
- Bitcoin investors who bought BTC in the latter stages of 2025 have an aggregate cost basis of around $87,700, which now functions as resistance per Glassnode analysis.
- The area immediately above $87,000 hosts several resistance levels including the 2026 open at $87,490 and the 20-month moving average at $87,165.
- Bitcoin price support at $80,000 strengthens as bid liquidity focuses on this psychological level.
Bitcoin 2025 buyers add to $87,000 resistance zone
New research from onchain analytics platform Glassnode reveals that the breakeven point for a cohort of new Bitcoin holders is currently acting as resistance.
Since the start of the year, two groups of holders have kept BTC/USD from moving higher once it challenges their acquisition cost basis.
In November 2025, price…
