According to Foresight News, the data analysis platform glassnode's updated Bitcoin Supply Clusters Distribution Heatmap (CBD Heatmap) shows that the first dense supply cluster is located in the range of $95,500 - $97,000, slightly lower than the short-term holders' cost basis of $98,000.
This convergence area marks a key threshold, where maintaining prices above this level is favorable for the continuation of the bull market, while falling below this level could trigger a medium-term bearish phase.
