On April 23, glassnode stated that if BTC is to break through $10,000 again, it still needs to clear significant supply pressure. Cost basis distribution data shows a particularly dense cluster at around $97,000, where investors hold approximately 392,000 BTC. Some investors may sell at their break-even point, making this area a critical resistance level.
Glassnode: Bitcoin's key resistance level is around $97,000, and a breakthrough faces huge selling pressure challenges
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