BTC Price Nears Critical Zone — What Happens at $99.9K?

BTC Price – Is Bitcoin About to Hit $100K? Glassnode Warns of Hidden Sell Pressure

BTC Price – Bitcoin (BTC) has once again captured market attention after rallying above the $90,000 mark, sparking speculation about a potential surge toward a new all-time high beyond the previous peak of $109,000 recorded in January. However, data analytics firm Glassnode warns that the road to $100K and beyond may not be as smooth as some investors hope.

Profit-Taking Risk Emerges Near $99.9K

According to the latest on-chain analysis by Glassnode, a key level of potential sell pressure is forming around $99,900. The firm highlights that long-term holders (LTHs) — defined as wallets that have held BTC for at least 155 days — historically start to distribute their coins more aggressively when their unrealized profits reach around 350%.

“Historically, LTHs begin distributing more aggressively around a 350% unrealized profit margin, which aligns with a BTC price of ~$99.9K,” Glassnode stated in a May 6 post on X. “As the market nears this level, increased sell-side pressure is likely, requiring strong demand to absorb it.”

This profit-taking behavior is not uncommon during major price rallies. Long-term holders often use sharp price increases as exit points to realize gains, especially when the returns are as substantial as they are now.

Short-Term Holders Could Add to Resistance

Beyond the actions of LTHs, shorter-term holders who accumulated BTC during the earlier 2025 rally could also contribute to the selling momentum. Glassnode identifies a cluster of coins acquired between $95,000 and $98,000, which could present a second wave of resistance.

These holders endured the correction to $75,000 last month and may now be inclined to exit at breakeven or lock in modest profits, especially given the volatility in recent weeks. This aligns with behavioral finance trends showing that investors tend to sell when they return to their cost basis — even for minimal gains.

“A large cluster of coins was acquired between $95K–$98K, meaning some BTC holders may exit at breakeven,” the report explained. “This, combined with rising LTH profits, creates a key resistance zone.”

The presence of these two groups — profit-taking long-term holders and risk-averse recent buyers — sets the stage for a potential bottleneck near $99.9K, a level that now acts as a critical psychological and technical resistance.

Demand Must Outweigh Supply for Breakout

Despite the looming resistance, a strong wave of demand could still push Bitcoin into price discovery territory above the $100K mark. For this to occur, analysts stress that buying volume must be significant enough to absorb any increased selling activity.

Glassnode suggests that if Bitcoin successfully clears the $99.9K resistance with strong momentum, it could open the door to a new leg up, potentially targeting new all-time highs beyond $110,000.

However, without this level of support, the market may see a temporary pullback or consolidation as sellers take the lead. The importance of market structure, sentiment, and volume in this zone cannot be overstated.

Market Outlook: Bullish with Caution

The current landscape presents a mix of bullish optimism and technical caution. On one hand, Bitcoin’s resilience and return to the $90K+ level suggest that investor interest remains strong. On the other, profit-taking behavior and psychological resistance zones could create short-term headwinds.

As always, Bitcoin’s price path will depend on how market participants respond to these evolving dynamics. If demand remains robust and macroeconomic conditions are favorable, the $100K milestone may be within reach — but not without turbulence.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.