Glassnode’s October 21 report identifies a Bitcoin supply zone between $85,000 and $87,500, following the October 15 dip toward $80,000 and the return of bids at that level. According to Glassnode, the average acquisition cost of Bitcoin held for six to twelve months is approximately $86,700, while the True Market Mean is estimated at $77,600 and the average acquisition cost of the tracked corporate treasuries at $80,200. Sell orders and modeled liquidation concentrations also sit near the upper part of this range, which could slow the rise or even accelerate it if short positions are liquidated. These estimates describe a market structure rather than a guaranteed price path, and the snapshot is dated October 21.
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