BTC Failed Breakout at $98K Signals Persistent Supply Overhang
Caroline Bishop Jan 21, 2026 20:17 Glassnode analysis reveals Bitcoin’s rejection at $98K STH cost basis mirrors Q1 2022 structure. On-chain data shows dense supply above $100K constraining upside. Bitcoin’s relief rally has hit a wall. After weeks of seller exhaustion pointed to a potential rebound, BTC stalled just beneath the $98,400 Short-Term Holder cost...
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