Analysis: Bitcoin Holders Continue Accumulating, Key Resistance at $99,900

According to ChainCatcher, as reported by CoinDesk, data from the on-chain analysis platform Glassnode 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 increased their holdings by about 25,000 BTC in the past week, ending the previous months of continuous selling trend.

Meanwhile, inflows into Bitcoin ETFs have accelerated over the past two weeks, and enterprise-level Bitcoin reserves continue to grow, further supporting market demand.

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