Bitcoin
Bitcoin Rebound Faces Key Supply Zone Near $87,500, Glassnode Reports
An on-chain analysis from Glassnode highlights a dense band of holder cost bases and order-book liquidity between $85,000 and $87,500 following Bitcoin's recent recovery.
Following Bitcoin's rebound from an October 15 dip toward $80,000, on-chain analytics firm Glassnode reported on October 21 that the cryptocurrency faces an overhead supply cluster between $85,000 and $87,500. This range combines resting sell liquidity, modeled leverage liquidation levels, and holder acquisition prices that could test upward momentum.
According to the report, the estimated cost basis for coins held between six and twelve months sits near $86,700. Below current prices, Glassnode places the True Market Mean at approximately $77,600 and the average purchase price for tracked corporate treasuries around $80,200. These metrics reflect analytical estimates rather than fixed break-even levels across the entire market.
The research emphasizes that these figures outline structural incentives rather than a guaranteed trajectory. While short liquidations could accelerate gains, resting spot offers and cost-basis selling may absorb buying pressure. Furthermore, order book configurations remain fluid and cost-basis models depend on entity classifications.
These two are not the same thing, and one does not produce the other. The left is how this single article reads, from its tone alone. The right is the site’s own call on the asset, from indicators and analysis. Press tone feeds no score and no signal: on the only corpus this site has measured, daily tone tracked the move that had already happened and showed no measurable link with what followed.
More on Bitcoin All pieces →
- Neutral Bitcoin Enters Low-Volatility Phase Ahead of Federal Reserve Rate Decision
- Neutral Fundstrat's Tom Lee Views Tech Pullback as Buying Opportunity Amid AI Investment Trends
- Sell Cosmos Advances 3.7% Against Broader Market Downturn Led by Bitcoin
- Sell US Spot Bitcoin ETFs Record $635 Million in Outflows on Thursday
Rewritten from the headline, the teaser and the one-line summary the qualification step produced — that is all the material there is, and nothing is added to it. The source link is kept on file so any item can be checked, and is not published here.
