Bitcoin tests support as cooling conditions put demand in focus

Bitcoin is testing whether key support levels can hold after a retreat eased overheated conditions. A recovery hinges on recent buyers returning to profit and trading demand holding up. In its “Idling at Support” report published on November 4, 2026, Glassnode said almost all Bitcoin held by short-term holders was in profit in early October. These investors bought within the past 155 days. The share of their supply in profit stood at or above 97.5%, a zone the report describes as a sell line because nearly every recent buyer has gains available to realize. After a roughly 10% decline from the September high, that share fell to about 38%, leaving most short-term holder supply at a loss. Glassnode said conditions were substantially less stretched than a month earlier.

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