Bitcoin ‘top buyers’ halt BTC price upside with $87.7K now key: Glassnode

According to recent analysis, Bitcoin (BTC) is encountering significant price resistance around the $87,000 mark. This crucial resistance level is reportedly being reinforced by a cohort of investors identified as 'top buyers' who accumulated BTC in late 2025. Their current market behavior, likely taking profits or setting sell limits, is hindering upward price momentum. The research suggests that for Bitcoin to break past this barrier, it would need to overcome the selling pressure originating from these specific market participants. The $87,700 level is thus highlighted as a key psychological and technical resistance point, crucial for assessing Bitcoin's immediate price trajectory.