YieldSeeker Pao
New member
- Joined
- Sep 23, 2026
- Messages
- 5
Hey everyone, super new to trading crypto so please bear with me if this sounds like an obvious question. I was reading through that recent Glassnode report talking about how Bitcoin is struggling to push past $87.7k because the people who bought the top back in late 2025 are finally offloading their bags just to break even.
Ngl, I’m a bit confused on how this actually plays out on the charts. Does this mean there's basically a massive ceiling here until all those old buyers finish selling, or can buyers just eat through that wall if the volume kicks in? I got in pretty recently because the FOMO was getting to me, but now I’m sweating a bit thinking I might have bought right into another trap.
For the veterans here, how do you usually trade these break-even resistance zones, are you waiting for a dip or just holding through the chop?
Ngl, I’m a bit confused on how this actually plays out on the charts. Does this mean there's basically a massive ceiling here until all those old buyers finish selling, or can buyers just eat through that wall if the volume kicks in? I got in pretty recently because the FOMO was getting to me, but now I’m sweating a bit thinking I might have bought right into another trap.
For the veterans here, how do you usually trade these break-even resistance zones, are you waiting for a dip or just holding through the chop?
