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Long-term Bitcoin holders face losses on 4M BTC bought above $85K, risking sell-off if price nears that level again.

Technical Signals
29 Oct 2026, 19:32 WIB
Decrypt
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Neutral
Long-term Bitcoin holders face losses on 4M BTC bought above $85K, risking sell-off if price nears that level again.

Long-term Bitcoin holders own about 4 million BTC purchased mostly in 2025 at prices between $85,000 and $118,000, currently sitting at a loss with Bitcoin trading around $81,600. This price level near $85,000 has repeatedly resisted Bitcoin's rally this year, acting as a strong resistance point. U.S. spot Bitcoin ETF holders have an average cost basis near $82,000, close to current prices, indicating minimal unrealized losses. The Federal Reserve recently held interest rates steady, but high U.S. Treasury yields and real interest rates continue to limit Bitcoin's upside by increasing opportunity costs for investors. Analysts expect Bitcoin to trade between $75,000 and $85,000 in the near term, with selling pressure likely if prices approach $85,000 again, though current selling is light and new buying interest remains insufficient for a strong recovery.

As of Oct 29, 2026 23:52 WIB, Bitcoin trades on Pluang at Rp1.480.717.670 with a 1-day gain of 1.16%. Despite the news highlighting resistance near $85,000, Pluang data shows a strong buying interest at 74% of order activity and a typical hold time of 112 days. This suggests that while the price faces pressure around the $85,000 mark, many investors on Pluang remain committed to holding their positions.

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