On May 8, #BTC突破99K 2025, OKX market data showed that Bitcoin briefly broke through $99,000, with the current price at $99,037, and a 24-hour increase of 2.15%.

Previously, Glassnode data indicated that both short-term holders (STH) and long-term holders (LTH) of Bitcoin have been increasing their holdings since early March, and market confidence is recovering. This phenomenon of increased holdings across the entire market provides some support for Bitcoin's price breakthrough. However, Glassnode pointed out that there is significant resistance at $99,900, and on-chain data suggests that when LTH's unrealized profits reach 350%, it may trigger profit-taking, leading to increased selling pressure as the price approaches this area, requiring strong buying interest to absorb the selling pressure in order to maintain upward momentum.