Glassnode: Bitcoin rises 23% in 21 days, faces resistance at $83,000–$86,000

Glassnode reports that Bitcoin has gained 23% over the past 21 trading days. Technical analysis, including long-term holder cost basis, futures liquidation maps, and US spot ETF break-even points, identifies a resistance zone between $83,000 and $86,000. Approximately 1.07 million BTC were acquired by long-term holders within this range, with significant concentration near $85,000. While selling pressure from long-term holders has decreased compared to August, the US spot ETF break-even point remains near $86,000.