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Analysis: BTC holders continue to increase their holdings, with the key resistance level reaching $99,900.
Odaily News On-chain analysis platform Glassnode data shows that since March 2025, long-term holders (LTHs) have accumulated over 250,000 BTC, bringing their total holdings to over 14 million, indicating strong confidence in the market. Short-term holders (STHs) have also net accumulated about 25,000 BTC in the past week, ending the continuous dumping trend of the previous months. At the same time, the inflow of funds into Bitcoin ETFs has accelerated over the past two weeks, and corporate Bitcoin reserves have continued to grow, further supporting market demand. Technical analysis shows that $99,000 is viewed as a potential profit-taking area, becoming the current key resistance level. The current price is approaching this level, and the market is watching whether it can break through and continue to rise. (CoinDesk)