PANews reported on April 23 that Glassnode published an analysis on the X platform saying that if Bitcoin (BTC) wants to return to the $100,000 mark, it still needs to clear a large amount of supply above. Cost-basis distribution data shows that there is a particularly dense area at about $97,000, where investors hold about 392,000 BTC. Some investors may choose to sell at the break-even point, so this area has become a key resistance area.