Bitcoin’s Key Resistance: Divergent Holder Actions Shape Market Trajectory

Recent price action of Bitcoin has brought its approach to the $99,900 resistance level into focus. While long-term holders (LTHs) remain steadfast in their investment strategy, short-term holders (STHs) have taken profits following recent market volatility. 13,755,722 BTC worth of Bitcoin were accumulated by LTHs over the past year. Short-term holdings saw a decline of 460,896 BTC, suggesting profit-taking or cut-loss strategies among these holders. However, LTH behavior remains positive despite price fluctuations.