On May 7, Glassnode data showed that both short-term holders (STH) and long-term holders (LTH) of Bitcoin were increasing their holdings. Among them, LTH has continued to accumulate since early March, while STH has also begun to increase its holdings in the past week. Glassnode defines LTH as investors who hold BTC for more than 155 days, and STH as investors who hold BTC for less than 155 days. According to its latest weekly report, LTH has increased its holdings of more than 250,000 BTC units since early March, bringing the group's total holdings to exceed 14 million units. This shows that market confidence is recovering and the accumulated momentum has exceeded investors 'tendency to sell and avoid risk. Glassnode analysis pointed out. Although STH usually operates in opposition to LTH, they have also increased their holdings by more than 25,000 BTC units in the past week, marking a reversal of the trend of net reduction of more than 200,000 BTC units since February 2025-the reduction cycle coincides with the starting point of Bitcoin's 30% correction. Bitcoin is currently hovering at the US$97,000 mark. This market-wide increase in holdings shows that investor confidence is being restored. However, Glassnode also pointed out that there is a significant resistance level for $99,900, and chain data shows that profit-taking may be triggered when LTH's unrealized profit reaches 350%. Therefore, it is foreseeable that selling pressure will intensify when prices approach this region, and strong buying orders will be needed to absorb selling pressure to maintain upward momentum.