Glassnode Warns Of Major Bitcoin Selling Pressure

Nearly 4 million BTC held long-term show an estimated acquisition price between 85000 and 118000 dollars. This concentration turns any rise in bitcoin into a possible “repayment market” , where some investors might sell as soon as they recover their investment. Long-term holders own about 4 million bitcoins whose on-chain cost price is between 85000 and 118000 dollars according to Glassnode. The majority of these coins were likely acquired in 2025, before BTC dropped back to around 81000 dollars. These investors are considered long-term holders because they have held their bitcoins for at least 155 days. However, their patience does not guarantee they will continue to wait. After several months of unrealized losses, a return to their purchase price could encourage them to sell without seeking profit.

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