Bitcoin caught between $80,000 support and $88,000 supply wall

Bitcoin is searching for direction between support at $80,000-$81,500 and a supply wall near $88,000. Spot demand has weakened amid ETF outflows, while loss-taking by long-term holders has fallen sharply. In its “Boxed In” report published on October 14, 2026, Glassnode said Bitcoin was pinned between overlapping order-book and on-chain support below and break-even selling overhead. Investors who bought six to 12 months ago have an average cost basis of about $88,000, while the cost basis of those who bought one to two years ago is near $100,000. Bitcoin reached the six-to-12-month holder cost basis in January before falling by more than one-third. It touched the one-to-two-year holder cost basis in May and then dropped about 25%.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.