Bitcoin Faces $107K–$118K Resistance Wall Amid LTH Sell-Offs
Bitcoin resistance wall at $107K–$118K has repelled recent rallies. Over the weekend, BTC climbed toward $110,000 on the back of a $2,000 tariff dividend proposal and hopes for a U.S. shutdown deal. However, macro headwinds, regulatory uncertainty, and on-chain sell‐offs by long‐term holders have created this Bitcoin resistance wall. XWIN Research Japan reports that LTH exchange inflows have nearly doubled and the LTH-SOPR has fallen to 1.6, signaling reduced conviction. Meanwhile, the Stablecoin Supply Ratio (SSR) has dipped to lower historical levels, indicating abundant stablecoin dry powder. A spike in short‐term volatility points to a liquidity‐testing phase. Analysts warn that failure to hold the $99,200 “Golden Line” could trigger deeper losses. While accumulated stablecoin reserves could fuel a recovery, the current macro pressures and LTH sell‐offs make a clear breakout unlikely in the short term.
Neutral
The article highlights a clear Bitcoin resistance wall between $107K and $118K driven by macro headwinds and significant on-chain sell-offs by long-term holders, which currently cap bullish momentum. At the same time, a lower SSR and increased stablecoin reserves signal potential buying power. Such opposing forces make immediate directional trends uncertain. Historically, similar resistance zones accompanied by heavy LTH selling have led to consolidation phases rather than decisive moves. Therefore, the impact on market dynamics is likely neutral in the short term, as traders await stronger catalysts to break this range, with a breakdown below $99K posing bearish risk and a successful breach potentially sparking renewed rallies.