Glassnode: Both short-term and long-term Bitcoin holders are increasing their holdings, but a breakout above the $99,000 resistance requires strong buying power 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 early March, LTH has increased its holdings by over 250,000 BTC, with total holdings surpassing 14 million.

Glassnode defines LTH as investors holding BTC for more than 155 days, while STH refers to those holding for less than 155 days. STH has increased its holdings by over 25,000 BTC in the past week, reversing the net reduction trend 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 LTH may trigger profit-taking if unrealized profits reach 350%, requiring strong buying power to maintain upward momentum.