About 4 million Bitcoins held long-term have an estimated acquisition cost between $85,000 and $118,000, representing nearly 20% of circulating supply. These holders might sell once Bitcoin's price reaches their break-even point around $85,000, creating selling pressure that could slow price recovery. The $85,000 level has been a strong resistance, with Bitcoin struggling to stay above it for more than a few days. Market demand remains fragile, with buyers currently favoring the $78,000 to $79,000 range, and sustained price gains above $85,000 will be needed to absorb potential selling and confirm a bullish trend.
Bitcoin selling pressure is highlighted by about 4 million long-term held Bitcoins with acquisition costs between $85,000 and $118,000, potentially triggering sales near the $85,000 break-even point. For readers following Bitcoin, here is Pluang's market snapshot as of Oct 30, 2026 17:51 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell today. Notable movers include EOS at Rp12,649 (+8.13%, typical hold time 87 days), ENJ at Rp421 (-8.04%, Pluang order activity 6% Sell / 94% Buy, typical hold time 105 days), and SNX at Rp3,313 (-7.87%, Pluang order activity 100% Sell / 0% Buy, typical hold time 71 days).
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Investec Bank Plc, acting as joint broker for SThree Plc, disclosed share transactions on October 29, 2026. The bank purchased and sold 49,799 ordinary shares of SThree Plc at prices ranging between 297.5 and 306.5 per share. No derivative or option ...
Investec Bank plc, acting as joint broker for Gamma Communications Plc, disclosed its share dealings on October 29, 2026. The bank purchased 218,193 ordinary shares at prices between 1091 and 1094 pence per share and sold 160,410 shares at prices bet...
Investec Bank Plc, acting as advisor and joint broker to Advanced Medical Solutions Group Plc, disclosed its share dealings on October 29, 2026. The bank purchased 10,640 ordinary shares at a price of 282.75 per share and sold 98 shares at 283 each. ...
