Glassnode says long-term holders own about 4m Bitcoin bought at costs of $85,000 to $118,000, mostly in 2025, worth roughly $326bn at current prices and now at a loss. It says the $84,000-$85,000 band has repelled Bitcoin four times this year, and US spot Bitcoin ETF holdings average about $81,500-$82,000.
Glassnode says about 4m Bitcoin bought above $85,000, mostly in 2025
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