Glassnode: Bitcoin Stuck Below Key Cost Basis Levels

Glassnode data shows Bitcoin native holders remain stuck under critical cost basis thresholds, with buyers from the past two years needing prices above $88K to break even.

ETFs have turned net sellers again, yet the ETF cost basis near $81.5K has now held on two separate tests, keeping a large block of bids intact just below spot.

Price action on the 4h chart sits at $81936.36 inside the Bollinger Bands with upper resistance at $84609.14 and lower support at $81851.29; the bearish EMA structure places concrete resistance at the EMA50 of $83338.87 and EMA200 of $82310.45 while RSI at 40.02 stays neutral and MACD at -178.44 confirms the death cross, pointing to a likely retest of the $81.5K ETF level before any sustained move higher.