The real battleground for Bitcoin bulls and bears has been mapped out by on-chain data. Glassnode's latest BTC cost distribution is crystal clear: $62,000–$65,000: Massive cost zone for holdings $83,000–$86,000: Huge supply wall from long-term holders Right now, BTC is stuck between these two zones. This means I don’t need to guess whether it’ll go up or down next. Break above $86K → The massive overhead supply gets absorbed, and the market structure truly flips bullish. Drop below $62K → The most critical cost zone of the year is lost, and bear market risks skyrocket again. What’s even more important: The short-term holder cost basis has returned to around $70K. So, the real question isn’t whether it goes up 5% or down 5% in a day, but rather— Can $70K hold, and can $86K be broken? I think the next big move will likely be decided within this range. Which side do you think breaks first? $86K or $62K ? BTC Bitcoin 比特币