📊 GLASSNODE:
86K IS BITCOIN’S CRITICAL SUPPLY RESISTANCE ZONE
Bitcoin’s latest surge is nearing a pivotal on-chain hurdle.
Glassnode has pinpointed a dense concentration of long-term holder supply between $83,000 and $86,000—a zone that could act as a major ceiling.
Notably, there's now more bitcoin in profit than during previous visits to this price range.
Back in May, when Bitcoin approached $78K, about 65% of circulating supply was profitable.
By late August, during the next retest, that climbed to 68%.
This doesn’t mean holders will dump—but it does suggest that for a sustained breakout to occur, the market must absorb a larger volume of profit-taking supply first.
Until then, consolidation or volatility near this zone remains likely.
💸
Crypto Edge
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1September 4, 2026 2.1K 1
