Bitcoin reclaims $95,000 but meets heavy resistance from $98,000 to $110,000

Beincrypto reports Bitcoin has reclaimed the $95,000 level, restoring short-term optimism but now confronting its toughest resistance between $98,000 and $110,000.

Glassnode data show a dense long-term holder cost-basis cluster from roughly $93,000 to $110,000, and each rebound into that zone has triggered renewed distribution as holders sell into rallies. Net Realized Profit and Loss figures indicate long-term holders are realizing about 12,800 BTC per week in net profit—far below prior cycle peaks that exceeded 100,000 BTC per week—which moderates immediate downside risk but does not remove selling pressure. The market will depend on sustained demand, notably from buyers who accumulated in Q2 2025, to absorb this overhead supply.

Bitcoin was trading near $96,302 at the time of writing and needs strength to breach $98,000 and hold above $95,000; otherwise any renewed selling could push it back below $95,000 with a deeper pullback toward $91,471 likely. A bullish path remains if long-term holder distribution dries up: BTC could break above $98,000, challenge $100,000 and, if that level flips to support, then have a route toward $110,000, while a sustained hold above the True Market Mean near $81,000 supports a constructive macro outlook and failure to hold it would raise capitulation risk similar to the April 2022–April 2023 drawdown.

Key Topics

Crypto, Bitcoin, Glassnode, Long-term Holders, Net Realized Profit, True Market Mean