

Bitcoin (BTC) is suffering pressure from veteran holders securing gains and must hold the key $95600 support level to remain bullish
Jun 06, 2025 am 10:58 AMBitcoin (BTC) is suffering pressure from veteran holders securing gains and must hold the key $95600 support level to remain bullish if it breaks below six-figures
Bitcoin (BTC) faced pressure on Monday as veteran holders booked gains, and the key level of support to watch for is the 0.85 Spent Supply Distribution (SSD) quantile at $95,600, according to a June 5 report by Glassnode.
After failing to hold the 0.95 SSD quantile at around $103,700, the next major level of support is the psychological price level of $100,000, and failing that $95,600.
For now, Bitcoin is holding above the six-figure mark and is trading at $101,280 at the time of writing, down 3.8% over the past 24 hours.
Glassnode’s Cumulative Volume Delta heatmap shows spot-driven accumulation clusters in the areas of $81,000 to $85,000, $93,000 to $96,000, and $102,000 to $104,000. The report assessed these zones as potential demand pockets because coins previously moved there in large volumes.
The report placed the first formal support at the 0.95 Spent Supply Distribution (SSD) quantile, which is roughly $103,700, followed by the 0.85 quantile near $95,600.
Traders are now watching the lower boundary to gauge whether buyers will absorb ongoing sell orders.
The short-term holder’s cost basis stands at $97,100. Standard deviation bands around that metric set statistical markers at $114,800 on the upside and $83,200 on the downside.
A decisive break below the cost basis historically coincides with extended drawdowns, while a rebound above it often restores bullish momentum.
Veteran investors realizing profit
The latest move is being made by long-term holders who had accumulated coins between the $25,000 to $31,000 and $60,000 to $73,000 ranges.
These cohorts realized an average daily profit of $1.47 billion last week, marking the fifth instance of profit-taking above the $1 billion threshold this cycle.
When adjusted for market capitalization, the 90-day average profit-to-cap ratio has decreased compared with prior cycles, indicating a shift toward a more measured distribution of realized gains.
A breakdown of realized gains indicates that holders with more than 12 months of tenure are selling at a rate three times greater than short-term traders.
The report highlighted a pattern typical of late-cycle rotations, where seasoned wallets provide liquidity, and newer entrants decide whether to defend support levels.
Should the $95,600 SSD level fail, the market would likely retest the short-term holder cost basis at around $97,100 as resistance. A failure to reclaim this level would place Bitcoin’s next test at the $83,200 lower standard deviation band that protected prices during the March drawdown.
News data source: kdj.com
The above is the detailed content of Bitcoin (BTC) is suffering pressure from veteran holders securing gains and must hold the key $95600 support level to remain bullish. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics

?In today's increasingly popular digital asset trading, it is particularly important to understand how to safely and effectively withdraw your digital assets. As a world-renowned digital asset trading platform, ok exchange provides convenient currency withdrawal services. This tutorial will analyze in detail the steps of withdrawing coins on the ok exchange, things to note, and some common questions and answers to help users complete asset transfer smoothly and ensure asset security. Whether you are using ok exchange for withdrawals for the first time or want to further understand the withdrawal process, this article will provide you with clear and practical guidance.

Contents 1. What is ICN? 2. ICNT latest updates 3. Comparison and economic model between ICN and other DePIN projects and economic models 4. Conclusion of the next stage of the DePIN track At the end of May, ICN (ImpossibleCloudNetwork) @ICN_Protocol announced that it had received strategic investment in NGPCapital with a valuation of US$470 million. Many people's first reaction was: "Has Xiaomi invested in Web3?" Although this was not Lei Jun's direct move, the one who had bet on Xiaomi, Helium, and WorkFusion

The latest version of Digital Currency Exchange 2025 is a world-leading digital asset trading application, committed to providing users with secure, stable and convenient trading services for mainstream digital currencies such as Bitcoin and Ethereum. Its simple and intuitive operation interface and powerful functional modules make it easy for both novices and senior traders to get started.

The Bitcoin Portal App is the official application for personal login of Bitcoin. With this app, users can easily manage and use Bitcoin. This article will provide you with the official app download link, click the link to download and install.

Bitcoin is more suitable for long-term value investment and asset preservation, while Dogecoin is suitable for short-term trading and community-driven innovative applications. 1. Bitcoin was released by Satoshi Nakamoto in 2009, aiming to build a decentralized peer-to-peer digital payment system, which is known as "digital gold". Dogecoin was born in 2013 in the Internet meme culture. It was initially positioned as an interesting community currency, and then gradually became mainstream. 2. The total amount of Bitcoin is fixed at 21 million, and the output of new coins is reduced through the halving mechanism, which is scarce; Dogecoin adopts a continuous inflation model, with a fixed addition of about 5.2 billion coins each year, which is used to encourage miners to participate in and network maintenance. 3. The confirmation time of Bitcoin transactions is long, and the fees are significantly affected by network congestion; the Dogecoin block time is 1 minute, and the transaction speed is faster.

Dogecoin (DOGE), a digital asset originating from the Internet subculture, has occupied a place in the crypto market with its unique community culture and wide popularity. For many market participants, predicting their price movements over a specific time period in the future is challenging but attractive. This article aims to deeply analyze the key factors that may affect Dogecoin’s market value from 2025 to 2030 and explore its potential development path.

The OEX platform is a highly-watched digital asset trading platform, providing users with a safe, convenient and efficient trading experience. Here, you can conveniently buy, sell and trade various mainstream digital currencies such as Bitcoin and Ethereum, and enjoy the rich financial derivative services provided by the platform.

Dogecoin has gone through multiple price stages and key nodes from 2015 to 2025. 1) The average price in 2021 is US$0.20, with a maximum of US$0.73, a historical high; 2) The average price in 2022 is US$0.08, continuing the bear market; 3) The average price in 2020 is US$0.0026, and the year-end rises and starts a bull market; 4) The average price in 2023 is US$0.063, and the whole year is fluctuating and adjusting; 5) The average price in 2017 is US$0.002, and the year-end rises to US$0.017; 6) The average price in 2018 is US$0.003, which falls throughout the year; 7) The average price in 2019 is US$0.0025, which is consolidated at a low level; 8) The average price in 2015 is US$0.00015, and the transaction is deserted; 9) The average price in 2024 is US$0.084, which is low