<ul><li>Bitcoin is facing sell pressure as it struggles to surpass $111.8K, entering a fragile price discovery phase.</li><li>On-chain data from Glassnode indicates long-term holders are selling into strength, potentially leading to a short-term correction.</li><li>Spent Supply Distribution (SSD) Quantiles show key support zones at $103.7K and $95.6K, with potential for deeper risk-off environment if breached.</li><li>Short-term sentiment is determined by the Short-Term Holder (STH) Cost Basis, which currently ranges between $97.1K and includes critical price envelopes for market direction.</li></ul>

Bitcoin Enters Critical Zone as Price Discovery Faces Sell Pressure

Discover more