IntoTheBlock: Bitcoin may form resistance at $96,000 in the short term

According to IntoTheBlock analysis, the volatility of the cryptocurrency market has returned, and on-chain accumulated data can provide valuable references for identifying potential support and resistance levels. In the short term, about 1.66 million bitcoins are currently in a loss position, and these holders may choose to close their positions when the price rises to the cost price, thus forming a key resistance level around $96,000.