[Viewpoint: High-cost Bitcoin holders limit upside potential, selling pressure has significantly weakened] BlockBeats News, October 14, glassnode stated in an article that the cost basis of high-cost Bitcoin investors is still limiting Bitcoin's upside potential. As Bitcoin rebounded to around $88,000, investors holding for 1 to 2 years sold off in large quantities, and this price level is also close to the breakeven point for investors holding for 6 to 12 months. Bitcoin's price subsequently faced resistance below this level, and the selling pressure from this group has now significantly weakened. [Original link]