Bitcoin▼ Bearish● Important

Bitcoin Holders Who Bought Above $85K May Limit Any Recovery

TradingGain Newsroom·1h ago·29 Oct 2026, 16:32 UTC

Bitcoin is trading near the average price paid by U.S. spot ETF holders, a day after the Federal Reserve held rates steady. Glassnode says about 4 million BTC were bought above $85,000, and those holders could cap a recovery. For traders, this suggests that price near that zone may face resistance.

BTCAt the time of writing, Bitcoin traded at $81,380 (+1.19% in 24h).Live price →

Why it matters

Glassnode says about 4 million bitcoin were bought above $85,000.
Bitcoin is trading close to the average price paid by U.S. spot ETF holders.
Those higher-priced buyers could limit upside if bitcoin tries to rally.

What to watch next

Watch whether bitcoin can hold above the $85,000 area and how it reacts to the Federal Reserve's next rate decision.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.