Analysis: BTC holders continue to increase their holdings, with key resistance levels reaching $99900

Odaily Planet Daily News: According to data from Glassnode, an on chain analysis platform, long-term holders (LTHs) have cumulatively increased their holdings of over 250000 BTC since March 2025, bringing their total holdings to over 14 million BTC, demonstrating strong confidence in the market. Short term holders (STHs) have also net increased their holdings of approximately 25000 BTC in the past week, ending the previous months of continuous selling trend. At the same time, the inflow of funds into Bitcoin ETFs has accelerated in the past two weeks, and enterprise level Bitcoin reserves have continued to grow, further supporting market demand. Technical analysis shows that $99000 is considered a potential profit taking area and has become the current key resistance level. The current price is close to this level, and the market is concerned about whether it can break through and continue to rise. （CoinDesk）