In brief – Long-term Bitcoin holders own about 4 million BTC bought between $85,000 and $118,000, mostly in 2025, according to on-chain analytics firm Glassnode. – Bloomberg Intelligence puts the average cost basis of U.S. spot Bitcoin ETF holders just under $82,000, with…
tcoin trading around $81,600. – The Federal Reserve held rates at 3.75% to 4.00% on Wednesday in a 10-2 vote, with traders putting the odds of a December hike above 70% beforehand. Bitcoin’s long-term holders are sitting on losses on about 4 million BTC bought between $85,000 and $118,000, and many may sell if the price climbs back toward that level, according to a note from on-chain analytics firm Glassnode
Glassnode, which defines long-term holders as those holding coins for more than 155 days, said most of that block was bought in 2025. More than half of all long-term holder coins were bought above the current price, according to the note, published Wednesday ahead of the Federal Reserve’s rate decision. $85K keeps turning $BTC back. Since January, Bitcoin has closed above it on only five days, never more than three in a row.
It’s a truly tough level to break. More in depth analysis in our latest Week on Chain report https:// — glassnode (@glassnode) October 28, 2026 That block is worth about $326 billion at Bitcoin’s current price of around $81,400, up 1.2% over the past 24 hours but about 35% below its all-time high of $126,080. Glassnode said a band between $84,000 and $85,000 has turned Bitcoin back four times this year, and that the asset has closed above it on only five days since January.