Glassnode said Bitcoin has struggled to sustain daily closes above $85,000, a level it identifies as resistance. On November 22, 2025, 864,520 BTC—4.3% of the supply—moved onchain while Bitcoin traded between $84,000 and $85,000. Glassnode linked most of those coins to one large holder moving funds between wallets, but noted that such self-transfers generally do not affect price.
Glassnode also reported that long-term holders own about 4 million BTC last moved between $85,000 and $118,000. It said some holders may sell if the price recovers toward $85,000; that is a risk, not a reported sale.
