October really gave you a glimpse of BTC starting with a 7, but it was just for a moment. No wonder $80K is so solid. According to Glassnode data, the average cost for spot ETFs and the Bitcoin holdings of listed companies is between $80K and $81.5K. Meanwhile, the resistance levels at $85K to $87.5K are still there: The average cost for people who entered the market six months to a year ago is around $86.7K; Binance spot’s largest sell order cluster is stacked between $86.5K and $87.5K; The two biggest liquidation zones are at $85K and $87K. Still consolidating—once it’s done, we’ll see another big move!