Short-term Bitcoin holders, who have held less than 155 days, face suppressed selling pressure due to underwater positions, with their average acquisition cost above the current Bitcoin price. The market remains in an accumulation phase, with $100,000 identified as a critical local resistance level that could trigger profit-taking if breached. A crucial bullish signal will be observed when Bitcoin's price closes above the short-term holders' realized price, indicating potential market strengthening.
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Bitcoin Seen Under Selling Pressure from Short-Term Holders Amid Key Resistance at $100K
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