Long-Term Bitcoin Holders Turn Net Buyers as $100,000–$103,000 Resistance Looms

On-chain metrics indicate Bitcoin long-term holders have shifted back to net accumulation after months of distribution, a pattern previously seen earlier in 2025. Price remains capped below the $100,000–$103,000 resistance, and Mike Novogratz says a decisive break is needed to confirm momentum. The data also suggests a potential higher low forming despite cautious sentiment.