Bitcoin must reclaim $85K to absorb long-term holder selling, Glassnode says
- —Long-term holders control about 4 million BTC bought between $85,000 and $118,000
- —Bitcoin has closed above $85,000 on only five days since January
- —Supply clusters near $77,000 and $64,000; Binance bids shifted to $78,000–$79,000
- —US spot Bitcoin ETFs drew just $67 million over two weeks as volatility fell to about 25%
Why it matters: The $85,000 zone is the key hurdle: a breakout backed by ETF inflows opens the path higher, while a rejection risks a slide toward $77,000.
Source: Crypto Briefing