Glassnode: Bitcoin Faces Key Resistance Around $97,000, Breakthrough Hindered by Significant Selling Pressure

BlockBeats News, April 23rd, Glassnode published a post stating that if Bitcoin ($BTC) is to retest $100,000, it still needs to clear a significant supply pressure. Cost basis distribution data shows a particularly dense cluster at around $97,000, where investors hold about 392,000 BTC. Some investors may sell at breakeven points, making this area a key resistance level.