Glassnode: Bitcoin Key Resistance Around $97,000, Huge Selling Pressure Challenge Awaits Breakthrough

Glassnode stated that if Bitcoin ($BTC) is to revisit $100,000, it still needs to overcome considerable supply pressure. Cost basis distribution data shows a particularly dense cluster around the $97,000 mark, where investors hold approximately 392,000 Bitcoins. Some investors may sell at the break-even point, making this area a key resistance level.