Blockchain analytics firm Glassnode reports that Bitcoin short-term holders (STHs) are establishing critical support and resistance levels for BTC, with key price zones emerging at $110,000 and $140,000 based on investor behavior patterns. STHs—defined as investors holding Bitcoin for under 155 days—are creating distinct market dynamics through concentrated profit-taking and purchase activities.
The analysis reveals a significant volume gap between $110,000 and $115,000 where limited historical buying activity exists, potentially forcing BTC to test the $110,000 level to confirm buyer interest should prices decline. This zone represents a crucial support threshold where market demand may materialize. Conversely, resistance appears strongest near $140,000, as this level consistently triggers profit-taking behavior among STHs seeking to capitalize on unrealized gains.
Glassnode’s data indicates STH cost basis concentrations create layered barriers that could cap Bitcoin’s upward momentum, framing $140,000 as a probable resistance ceiling. These dynamics enable traders to identify strategic price points using on-chain metrics, with $110,000 acting as a critical support marker for downside protection and $140,000 serving as a key resistance zone for upside limitations.