Key facts
- Long-term Bitcoin holders own about 4 million BTC bought between $85,000 and $118,000.
- U.S. spot Bitcoin ETF holders' average cost basis is estimated near $81,500.
- Bitcoin has traded around $81,400, up 1.2% in 24 hours.
- The Federal Reserve maintained its benchmark rate at 3.75% to 4.00%.
Long-term Bitcoin holders, defined as those holding coins for over 155 days, are sitting on unrealized losses for approximately 4 million BTC acquired between $85,000 and $118,000, primarily in 2025, according to Glassnode. This group may initiate selling if the price recovers to these levels, potentially capping further gains. The price band of $84,000 to $85,000 has repeatedly acted as resistance, with Bitcoin closing above it on only five days since January. U.S. spot Bitcoin ETFs also face a similar situation, with their average purchase price near $81,500, leaving them near break-even. The Federal Reserve maintained its benchmark interest rate at 3.75% to 4.00% on Wednesday, a decision that had been largely anticipated by traders.