Bitcoin caught between $80,000 support and $88,000 supply wall
Photo: TokenPost
Bitcoin is searching for direction between support at $80,000-$81,500 and a supply wall near $88,000. Spot demand has weakened amid ETF outflows, while loss-taking by long-term holders has fallen sharply. In its “Boxed In” report published on October 14, 2026, Glassnode said Bitcoin was pinned between overlapping order-book and on-chain support below and break-even selling overhead. Investors who bought six to 12 months ago have an average cost basis of about $88,000, while the cost basis of those who bought one to two years ago is near $100,000.
Source: TokenPost
