Glassnode: Both short-term and long-term Bitcoin holders are increasing their holdings, but breaking through the $99,000 resistance requires strong buying pressure to absorb selling pressure.

According to BlockBeats, Glassnode data shows that both short-term holders (STH) and long-term holders (LTH) of Bitcoin are increasing their holdings. Since the beginning of March, LTH has increased their holdings by more than 250,000 BTC, with total holdings surpassing 14 million BTC.

Glassnode defines LTH as investors holding BTC for more than 155 days, while STH are investors holding for less than 155 days. STH has increased their holdings by more than 25,000 BTC in the past week, reversing a net reduction trend that has been in place since February 2025.

Bitcoin is currently hovering around the $97,000 mark, and market confidence is recovering. However, there is significant resistance at $99,900, and profit-taking may occur when LTH has unrealized profits of 350%, necessitating strong buying pressure to maintain upward momentum.