On May 8, 2023, OKX market data showed that Bitcoin briefly broke through $99,000, currently quoted at $99,037, with a 24-hour increase of 2.15%.

Previously, on May 7, Glassnode data indicated that both short-term and long-term holders of Bitcoin are increasing their holdings. Since the beginning of March, long-term holders have increased their holdings by over 250,000 BTC, bringing the total holdings of this group to over 14 million BTC, indicating that market confidence is recovering. However, Glassnode also pointed out that there is significant resistance at $99,900, and when long-term holders have not realized profits reaching 350%, it may trigger profit-taking, and selling pressure will intensify as it approaches that area, requiring strong buying power to absorb the selling pressure to maintain upward momentum.