According to Glassnode's analysis, Bitcoin may face selling pressure as it approaches $99,900. Long-term holders typically distribute tokens more aggressively when they realize about 350% of their unrealized profits, which correspond to a price of around $99,900. Wallets that bought Bitcoin in the $95,000 to $98,000 price range may choose to close their positions, adding to the selling pressure. Glassnode sees $99,900 as the key resistance level, and a breakout will help the Bitcoin price break above $100,000. The market is focused on whether Bitcoin can surpass the $109,000 record.