Bitcoin Price Drops 2% As Glassnode Warns Of Plunge To $88k
The Bitcoin price slid 2% over the last 24 hours to trade at $111,33 as of 3.30 a.m. on trading volume that slumped 31% to $50.47 billion. There may be worse to come, according to Glassnode, which warned that if the price can’t climb back above its cost basis at $113k, a plunge to $88k could happen as long-term holders begin to reduce positions. 🧠 Veteran Sellers Making Moves Bitcoin's struggling to break back above $126k, with long-term holders keeping up their steady profit‑taking. Glassnode #insights reveal these pros, after months of stacking, are cashing in gradually, fueling ongoing downward pressure. ➡️… pic.twitter.com/h9PDRsGags — CryptOpus (@ImCryptOpus) October 31, 2025 If the market finds enough buyers, some analysts say a rebound toward $113,000 and higher could still be possible, but demand remains weak for now. Trading volume has also slowed as investors step back, waiting for clearer signs. Bit...
