Bitcoin outperforms global assets as $83K-$86K resistance zone continues to weigh on rally
Bitcoin (BTC) has continued to recover from its mid-year weakness, outperforming major traditional assets over the past month, amid strong resistance around the $83,000 to $86,000 range. Bitcoin struggles against $86Kresistance BTC gained 23% over the past 21 trading sessions, while the S a loss of $63K would begin to work through the long side,” Glassnode wrote. Selling pressure remains muted near resistance Despite Bitcoin nearing its resistance zone, selling pressure has remained relatively weak. The Sell-Side Risk Ratio has fallen to seven basis points per day on a seven-day basis, less than half the 16 basis points recorded at the August peak. At the July and October 2025 market highs, the measure reached 35 and 23 basis points, respectively. Selling Is Fading at the Top of This Rally. Source: Glassnode Long-term holders (LTH) accounted for 47% of realized profits, down from 88% during the August peak. The report also noted that the September 3 profit spike was less than half the size of Augusts increase. “The read is a market that has left its value zone without becoming expensive,” Glassnode added. Altcoins have also risen, with total altcoin market capitalization increasing 21% over the past month. However, altcoins have not significantly gained market share against Bitcoin. The 90-day









