BTC’s approach to key resistance sees a rise in Bitcoin accumulation.

Bitcoin Accumulation Grows Stronger as BTC Eyes $100K Resistance Level

Bitcoin (BTC) has risen 3% since the start of May, following a solid 14% gain in April, showing a continued positive trend in the market.

Over the past two weeks, Bitcoin exchange-traded funds (ETFs) have seen a surge in inflows, while consistent accumulation by Bitcoin treasuries continues to offer substantial market support.

On-chain data from Glassnode shows a rise in Bitcoin holdings among both long-term holders (LTHs) and short-term holders (STHs). LTHs have been increasing their holdings since early March, while STHs have recently started accumulating over the past week.

Glassnode defines LTHs as investors who have held BTC for more than 155 days, while STHs are those holding for less than that period. LTHs have accumulated over 250,000 BTC since March, pushing their total holdings above 14 million BTC.

“This reflects a renewed confidence among investors, with accumulation pressures outweighing any inclination to de-risk or sell,” Glassnode noted in its latest report.

While STHs often act contrary to LTHs, they too have shown a shift in sentiment, adding more than 25,000 BTC in just the past week. This marks a reversal from the net distribution seen in early 2025, when over 200,000 BTC were sold off amid a 30% correction.

Currently trading near $97,000, Bitcoin’s broad-based accumulation reflects growing confidence. However, Glassnode has highlighted a key resistance zone around $99,900, where long-term holders may look to realize profits, having accumulated more than 350% in unrealized gains.

“With Bitcoin nearing this critical resistance level, we expect to see an increase in sell-side pressure, requiring substantial buy-side demand to absorb the selling and maintain upward momentum,” Glassnode added.

In conclusion, while Bitcoin’s accumulation shows increasing confidence from investors, the $99,900 level remains a critical resistance point, where profit-taking could add volatility to the market.