Bitcoin is approaching a key break-even level.
According to Glassnode, $87,800 is the average cost basis for $BTC holders who bought 6–12 months ago.
Meanwhile, selling activity among holders who bought 1–2 years ago is rising.
When buyers get back to their entry price, some may sell to exit without a loss.
That could add selling pressure to Bitcoin’s recovery, but it’s not a guaranteed rejection.
According to Glassnode, $87,800 is the average cost basis for $BTC holders who bought 6–12 months ago.
Meanwhile, selling activity among holders who bought 1–2 years ago is rising.
When buyers get back to their entry price, some may sell to exit without a loss.
That could add selling pressure to Bitcoin’s recovery, but it’s not a guaranteed rejection.