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Glassnode: Late-2025 Bitcoin Buyers Cap Upside, $87.7K Now Key

Bitcoin’s price resistance near $87,000 has been reinforced by investors who bought BTC in late 2025. The on-chain data provider identified $87.7K as the key level, with those recent buyers now acting as a supply overhang that limits upside. The finding ties the current technical ceiling to the cost basis of late-2025 entrants.

Original source

AI take

The significance here is that the ceiling is behavioral rather than technical: late-2025 buyers sitting near break-even create a natural selling pool, which explains why rallies stall at the same level. This matters most for short-term traders and for anyone using on-chain cost-basis data as a positioning signal, since it reframes resistance as a holder cohort rather than a chart line. Whether that supply overhang gets absorbed through time or continues to cap upside is the open question, and watching how price behaves on repeated approaches to $87.7K is the cleanest tell.

Generated by AI for reference only.

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