Watching a critical BTC price level: $98.3k.

This marks the Short-Term Holder cost basis—basically the average entry point where recent buyers got in. It's more than just a number; it's a psychological and technical inflection point.

If BTC holds above $98.3k:
• New buying pressure has effectively absorbed the overhead resistance
• Recent market entrants remain underwater-free, staying profitable
• Overall market sentiment tends to strengthen

If BTC drops below $98.3k:
• Sell-side pressure kicks in hard
• Recent buyers face losses, which typically triggers more selling
• The momentum shifts toward distribution

This level matters because it represents where the newest wave of capital entered. Breaking it confirms fresh demand, failing at it suggests profit-taking might take the wheel.