Bitcoin could fall to around $88,000 if it fails to reclaim the $113,000 level, Glassnode said in an Oct. 30 analysis. The on-chain analytics firm noted Bitcoin has failed to hold above the short-term holder cost basis near $113,000, a critical area where bullish and bearish momentum intersect, while continued selling pressure from both short-term and long-term investors has weakened momentum. High distribution levels among long-term holders and elevated exchange inflow volumes suggest near-saturated market demand, indicating a prolonged consolidation may be needed to restore confidence. Glassnode added upside potential remains limited until long-term holders resume accumulation, with the Active Investor Price near $88,000 serving as the next potential support if current levels fail to hold.