Analysis: Bitcoin accumulation is increasing but there is strong resistance at 99,900 USD

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Rise Growth Accumulation Bitcoin

Data from Glassnode shows that both short-term Bitcoin investors (STH) and long-term (LTH) are intensifying their accumulation. LTH, those holding BTC for more than 155 days, have increased their holdings by over 250,000 BTC since the beginning of March, bringing the total holdings to over 14 million. This reflects a recovery of market confidence, as the accumulation momentum surpasses the selling trend to avoid risks.

On the contrary, STH, which typically operates in the opposite direction of LTH, has also increased its holdings by more than 25,000 BTC in the past week, reversing the net decreasing trend of 200,000 BTC since February 2025. This decreasing trend coincides with the starting point of a 30% correction of Bitcoin. Currently, Bitcoin is maintaining around the 97,000 USD mark, and the increase in holdings suggests a recovery of investor confidence.

However, an important resistance level has been identified at 99,900 USD. When the unrealized profits of LTH reach 350%, it may trigger profit-taking behavior, creating increased selling pressure. Strong buying is necessary to absorb this pressure and maintain the upward momentum.

Note: The content is for informational purposes only and is not investment advice.

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