Glassnode: $106600 is a key resistance level for Bitcoin

Glassnode posted on the X platform that the price of Bitcoin has stagnated at a level slightly below $106600, which represents the holding cost of 31000 bitcoins. This supply intensive area has remained stable since its formation on December 16th last year. At present, holders have neither sold to cash out nor increased their holdings on dips, making $106600 a key price point worth closely monitoring in the short term.