Analysis: Bitcoin holders continue to accumulate, with a key resistance level at $99,900

ChainCatcher news, according to CoinDesk, 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, demonstrating strong confidence in the market. Short-term holders (STHs) have also net accumulated about 25,000 BTC in the past week, ending a previous months-long trend of continuous selling.

Meanwhile, the inflow of funds into Bitcoin ETFs has accelerated over the past two weeks, and corporate Bitcoin reserves continue to grow, further supporting market demand.

Technical analysis indicates that $99,900 is seen as a potential profit-taking zone, becoming the current key resistance level, with the market watching whether it can break through and continue to rise.