--- title: "Glassnode flags $87.7K as key Bitcoin level as late-2025 buyers cap upside" description: "Glassnode research, reported by Cointelegraph, identified $87.7K as a key Bitcoin level, saying resistance near $87,000 was reinforced by investors who bought BTC in late 2025 and who are now holding at a loss. The publisher framed these \"top buyers\" as halting BTC price upside. Reported by…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-top-buyers-halt-btc-09a2af54386fc4" published: 2026-10-21T10:50:08.000Z updated: 2026-10-22T10:51:01.000Z indexable: false --- # Glassnode flags $87.7K as key Bitcoin level as late-2025 buyers cap upside Glassnode research, reported by Cointelegraph, identified $87.7K as a key Bitcoin level, saying resistance near $87,000 was reinforced by investors who bought BTC in late 2025 and who are now holding at a loss. The publisher framed these "top buyers" as halting BTC price upside. Reported by… Attributed sources: [Cointelegraph]() ## Key facts Glassnode research, reported by Cointelegraph, identified $87.7K as a key Bitcoin level, saying resistance near $87,000 was reinforced by investors who bought BTC in late 2025 and who are now holding at a loss. The publisher framed these "top buyers" as halting BTC price upside. Evidence strength: Single source, 1 publisher group(s) (Cointelegraph); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: -0.04% (21/10/2026, 10:50 → 21/10/2026, 10:56, UTC; Gate · USDT); 1 hour: +0.02% (21/10/2026, 10:50 → 21/10/2026, 11:50, UTC; Gate · USDT); 24 hours: -1.72% (21/10/2026, 10:50 → 22/10/2026, 10:50, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 21/10/2026, 10:50, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.04% | -0.04% | 0.00 pp | 21/10/2026, 10:50 → 21/10/2026, 10:56 | Gate · USDT | | 1 hour | +0.02% | +0.02% | 0.00 pp | 21/10/2026, 10:50 → 21/10/2026, 11:50 | Gate · USDT | | 24 hours | -1.72% | -1.72% | 0.00 pp | 21/10/2026, 10:50 → 22/10/2026, 10:50 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 21/10/2026, 10:50 | ## Claims and open questions - Cointelegraph, citing Glassnode research, reported that Bitcoin price resistance near $87,000 was reinforced by investors who bought BTC in late 2025. - Cointelegraph described these late-2025 buyers as "top buyers" whose positions are halting BTC price upside, with $87.7K now key. - What specific on-chain metric Glassnode used to define the late-2025 buyer cohort and its cost basis near $87,700? - Does Glassnode's research specify any volume or supply threshold that would confirm a break above the cited level? ## Source evidence - [Bitcoin ‘top buyers’ halt BTC price upside with $87.7K now key: Glassnode]() — Cointelegraph; published 21/10/2026, 10:39; received 21/10/2026, 10:50 (UTC). ## Recent BTC events and market reactions - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [SpaceX and Tesla boards weigh merger that would combine 30,221 bitcoin]() — Published 21/10/2026, 09:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.08% / 1h -0.21% / 24h -2.08% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.