$50,000 Price Odds Remain As 2024 Hodlers Help Stabilize BTC

New analysis suggests that Bitcoin (BTC) is 'relying' on early 2024 buyers as its price action stalls below $70,000. Two‑year Bitcoin hodlers 'absorbed' seller pressure in recent weeks, but most analysts still expect new macro BTC price lows. In the latest edition of its weekly newsletter, 'The Week Onchain,' crypto analytics platform Glassnode said that BTC price was in a 'dense demand zone.' As BTC/USD treads water around 45% below its October 2025 all-time highs, buyers from long before that event are holding up the market.

Glassnode summarized: 'A closer inspection of price behavior since the breakdown below the True Market Mean indicates that downside pressure has largely been absorbed within a dense demand zone between $60k and $69k.' The cluster was 'primarily established during the H1 2024 consolidation phase, where investors accumulated within a prolonged range and have since held their positions for over a year.' Despite hodler resilience, market participants still expect new macro lows.

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