Data: $98,000 is a key threshold that BTC has recently broken through during its rebound.

According to Mars Finance, Glassnode published an article on its X platform stating that the STH-NUPL metric (a measure of the ratio of unrealized profits/losses of new investors to the market capitalization of short-term holders) shows that new investors have consistently been in a net unrealized loss state since 2025. The analysis indicates that for this group to return to a net profitable state, the price of Bitcoin needs to rise to above approximately $98,000. This data reflects the short-term market pressure, and the recovery of short-term investors' profits still depends on the stabilization of the Bitcoin price and a breakout of key resistance levels.