[CryptoQuant: If Bitcoin's weekly closing price breaks through the 109K-112K range, the upward trend may strengthen] According to CryptoQuant analyst burakkesmeci, short-term Bitcoin holders (holding period less than 155 days) have a significant impact on market sentiment, as their confidence often attracts new capital into the market. Currently, Bitcoin is at a critical turning point in the 109K-112K range. If the weekly closing price can break through this range, the upward trend may strengthen; conversely, if it falls below this range, a pullback could accelerate. In the short term, 117.3K serves as a resistance level, 112K as a decision point, and 92.4K as a support level. Additionally, the realized price for short-term holders is 108.9K.