glassnode: Bitcoin's support level is at $111,000, with resistance at $117,000

By: theblockbeats.news|2025/10/28 11:18:09

BlockBeats News, October 28, glassnode published a post stating that, according to Bitcoin's cost basis distribution, there is support around $111,000, while there is a significant sell wall supply around $117,000.

This price range defines the battleground between recent buyers and profit-taking sellers. Whatever direction is broken, it may set the tone for the next major market trend.

Aptos Labs, in collaboration with Boston Consulting Group and Hang Seng Bank, has completed a pilot and research study on "Cyberport Dollar+" (a digital currency initiative). Over 60% of the investors are planning to double down on the tokenized fund.Key Market Insights for October 28th, How Much Did You Miss?