Glassnode’s latest BTC CBD Heatmap update highlights a critical support zone for Bitcoin between $95,500 and $97,000, marking the first dense supply cluster below the short-term holder cost basis at $98,000.
This confluence of demand and holder positioning is seen as a pivotal threshold in the current market structure.
According to the on-chain analytics firm, maintaining price action above this range would support a continuation of the broader bullish trend. However, a sustained breakdown below the cluster could signal the beginning of a more extended bearish phase, both in the mid-term and long-term outlooks.
The heatmap shows heavy on-chain volume accumulation in this region, reinforcing its importance as a battleground for market sentiment. With price currently hovering just above these levels, market participants are closely watching for confirmation of support or signs of weakness that may lead to increased sell-side pressure.
If bulls defend this zone, Bitcoin may continue its recovery trajectory toward $111,000 and beyond. Conversely, a drop below $95,000 could put short-term holders underwater, intensifying downside volatility.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/bitcoin-price-holds-above-95k-supply-cluster-key-bullish-threshold-in-focus/