PANews reported on February 1 that according to glassnode's analysis on the X platform, a large number of Bitcoins have changed hands in the $94,000 to $101,000 range in the past 45 days, forming a dense supply cluster around $98,000. Generally, the longer the price consolidates in or above this range, the stronger the support in this area, whether it serves as support in price corrections or resistance in price rebounds. In summary, the $98,000 level is becoming a key pivot area for Bitcoin's next move.