Bitcoin recently broke above key resistance near $94,000-$95,000, reaching a two-month high at nearly $97,850, triggered by a major short squeeze that cleared leveraged positions. Despite concentrated selling pressure from long-term holders in the $93,000-$110,000 price range, the pace of these sell-offs is slowing, with weekly realized profit sales dropping to around 12,800 BTC. Bitfinex suggests that if this trend persists, Bitcoin may overcome this resistance and push toward new all-time highs.