Bitcoin faces resistance at $87,700, ETF inflows support $80,000 level

Bitcoin investors who entered the market during the latter part of 2025 are now capping price gains at $87,700, according to fresh analysis from Glassnode. The study attributes this resistance to the aggregated cost basis of these holders, which is now acting as a ceiling for further upward moves. Glassnode, an onchain analytics provider specializing in blockchain-based market insights, identified that Bitcoin’s price action is increasingly constrained by the breakeven points of specific investor cohorts. Two main groups—holders who bought six to twelve months ago and those who purchased one to two years ago—now influence key resistance areas as the market tests their entry levels. The first group, which accumulated BTC during the second half of 2025, has a collective cost basis of roughly $87,700.

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