Bitcoin: Glassnode Reports Top Buyers Selling

Bitcoin investors who bought the top are exiting positions, according to Glassnode data released October 3 2026. Two cohorts remain underwater: buyers from 1-2 years ago at $97k and those from 6-12 months ago at $89k. Buyers from the 2025 rally are distributing the highest volume per day this year while dip buyers stay silent.

Price action shows BTC trading inside Bollinger Bands with upper resistance at $86182.35 and lower support at $82761.83. The bullish structure holds above EMA50 at $84091.16 and EMA200 at $80615.39, yet the MACD death cross at 250.23 warns of momentum loss even as RSI(14) sits neutral at 51.84. A test of the 50-EMA support remains probable before any continuation higher.