Glassnode said Bitcoin remains tightly constrained in an $80,000 to $87,000 range and that markets are watching upcoming catalysts, BlockBeats reported in a weekly-market update.
Range levels cited
The report placed six-to-12-month buyer cost bases near $86,700, with order-book selling and liquidation clusters around $85,000 and $87,000. It said buyers were concentrated near $80,000 and warned that a break below that level could put ETF and treasury holders into losses.
Events on the calendar
Glassnode highlighted the Federal Reserve’s Oct. 28 rate decision, higher oil prices and yields, and renewed inflation expectations. It also pointed to MSCI’s Nov. 11 index-review announcement and Nov. 30 effective date as a possible source of pressure on Strategy-related buying. These are cited report scenarios, not price forecasts.