Analysis: The crypto market structure has improved, but selling pressure remains.

The Bitcoin market structure has improved recently, but supply pressure from long-term holders remains. Last week, Bitcoin briefly broke through the $94,000-$95,000 resistance zone, driven by strong spot demand, and reached a more than two-month high of $97,850, triggering the largest single-day short liquidation in nearly 100 days. Although the price has retreated about 6% from the high, the market structure has clearly improved, having recovered the 2025 opening price and risen more than 21% from recent lows.