#BTC PANews May 6 - According to analysis from Glassnode, Bitcoin's price may face significant selling pressure as it approaches $99,900. Data shows that long-term holders (wallets holding coins for at least 155 days) typically begin to distribute tokens more actively when realizing approximately 350% unrealized profits, which corresponds to a Bitcoin price of around $99,900. Additionally, wallets that bought Bitcoin earlier this year in the price range of $95,000 to $98,000 may choose to close positions or take small profits when the price rebounds to that range, potentially exacerbating selling pressure. Glassnode points out that this price range has formed a key resistance level, and if Bitcoin can effectively break through $99,900, it may open the pathway for price discovery above $100,000. Previously, Bitcoin's price had surpassed $90,000, and the market is focused on whether it can set a new high, exceeding the record of $109,000 set in January this year.