Glassnode Highlights Potential Bitcoin Selling Pressure at $85K-$118K Range
Nearly 4 million BTC acquired at $85K-$118K could trigger significant selling if prices rise.
Nearly 4 million BTC acquired at $85K-$118K could trigger significant selling if prices rise. Bitcoin (BTC) is trading at ₹73,66,748 ($77,307.00), down 0.5% since this brief published. This is an original Token Times brief based on reporting by Cointribune, with live market data added, as of Fri, 30 Oct 2026 12:00:01 UTC.
This large concentration of Bitcoin acquired at higher prices could create strong resistance levels and increased volatility as investors may sell to break even.
- Nearly 4 million BTC acquired at $85K-$118K could trigger selling pressure.
- Bitcoin's current price of $77,719 is below this key range.
- Investor behavior may create a 'repayment market' phenomenon.
- Bitcoin Faces Reduced Selling Pressure as Older Coins Stay Put
- Bitcoin Stuck in Narrow Trading Range, Glassnode Reports
- Fidelity Highlights Bitcoin's Potential in $150 Trillion Bond Market
- XRP Faces Potential Selling Pressure at $1.61 Price Level
- Coinbase CEO Highlights Bitcoin's Immutable Supply Cap vs. Gold's Potential Expansion
- Bitcoin Faces Selling Pressure as Whales Move $200M
- Glassnode Highlights Potential Bitcoin Selling Pressure at $85K-$118K Range — this brief
Glassnode's analysis indicates that nearly 4 million 
Bitcoin were acquired at prices ranging from $85,000 to $118,000, according to Cointribune. This significant concentration of long-term holdings could lead to substantial selling pressure if Bitcoin's price rises to these levels.
The current Bitcoin price of $77,719 is notably below this key range, suggesting that any upward movement could be met with resistance as investors might look to sell to break even on their investments.
This phenomenon, described as a 'repayment market', could create a scenario where price increases are met with corresponding sell-offs, potentially leading to increased market volatility.
The broader market context shows a decline in overall crypto market cap to $2.68 trillion, with Bitcoin itself down 3.06% in the last 24 hours and 4.79% over the past week. The Fear & Greed index stands at 30, indicating a 'Fear' sentiment in the market.
The potential for selling pressure at higher price levels could influence Bitcoin's short-term trajectory. Investors and traders should monitor price movements around the $85,000-$118,000 range for signs of increased volatility and potential resistance.
Since this brief published about 55 minutes ago, Bitcoin (BTC) has moved from ₹74,06,007.96$77,719.00 to ₹73,66,747.61$77,307.00 — -0.53%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $75,000 in October?
Crowd-implied probability on Polymarket, ₹28.51M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 30 11:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.11M (about $77,307.00), down 3.5% over 24 hours. The rupee itself trades about 10.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Glassnode Highlights Potential Bitcoin Selling Pressure at $ — questions & answers
What price range could trigger Bitcoin selling pressure?
Selling pressure could emerge if Bitcoin rises to the $85,000-$118,000 range.
How much Bitcoin was acquired at these higher prices?
Nearly 4 million Bitcoin were acquired at prices between $85,000 and $118,000.
Why is this price range significant?
This range is significant because it represents a potential 'repayment market' where investors might sell to recover their initial investment.
How much is 1 Bitcoin worth in rupee today?
About ₹8.11M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,307.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.53% since this brief first published — trading at ₹73,66,748 ($77,307.00) now versus ₹74,06,008 ($77,719.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointribune. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.