Bitcoin did not make another attempt at $85,000 and lost its most recent gains after Wall Street opened on Tuesday. Cointelegraph published the report on Sep 29, 2026. A price table on the same page listed BTC at $83,327.20.
According to the report, sellers stopped the price from rising further from current levels. The headline points to supply from long-term holders as the reason $85,000 was not reached.
The pressure also came from outside crypto. US bond yields kept setting multidecade highs, and the report says this weighed on stocks and precious metals as well as on Bitcoin.
The article does not say how long the yield rise will last or when Bitcoin might try $85,000 again. It gives no figures on how much supply long-term holders sold.
If you already hold a perpetual position, this story does not directly change anything. The report has no data on funding rates, trading fees or order-book liquidity on Bitget, Bybit, MEXC or OKX. Any effect on holding costs would appear in funding data, not in this article.
Source: cointelegraph — Bitcoin gives back gains as long-term holder supply keeps $85K out of reach
Price today: Bitcoin