Bitcoin’s $100K Holding Zone Sparks Market Uncertainty

A significant concentration of Bitcoin holdings has been observed around the $100,000 mark, according to recent data from CryptoQuant. This cluster suggests a substantial portion of investors acquired their coins at elevated prices, potentially indicating resistance as Bitcoin approaches this psychological barrier. The current price aligns with a potential profit-taking zone, which could trigger increased selling pressure if Bitcoin pushes higher. However, sustained price levels above $100K may reinforce bullish sentiment and attract more buyers.