Bitcoin Bulls Face Resistance as $110K Barrier Remains

Despite weekend gains pushing Bitcoin’s price above the $110,000 mark, sellers are still exerting pressure on the market. Data from Glassnode indicates a significant selling activity by investors holding more than ten thousand BTC. Conversely, smaller investor cohorts continue to accumulate, raising questions about sustained bullish momentum. 4-hour chart analysis reveals persistent selling when Bitcoin approaches $110,000 at exchanges like Binance. This trend may be affected by the upcoming Memorial Day holiday in the U.S., which could suppress demand.