Bitcoin Eyes 99K 3 Reasons BTC Holders Are Choosing to Hold

After peaking near 126K three months ago, Bitcoin faced heavy selling and dropped to a cycle low around 80K, putting strong pressure on short-term holders STHs .
At the worst point, STH unrealized losses hit a record 110B.
But conditions have changed
Why BTC holders are holding
1 Short-term holders exit extreme stress
BTC s rebound to 97K cut STH unrealized losses to about 65B.
Average losses fell from 10 to 6.4 , easing panic pressure.
2 Selling pressure is largely exhausted
STH Sell-Side Risk dropped to near historical lows, signaling that most forced selling already happened. Weak hands are mostly gone.
3 On-chain metrics stabilize
STH SOPR recovered from 0.94 to 1.0, showing losses have been absorbed and balance is returning reducing incentives to sell into strength.
Price outlook
BTC rejected near 97.9K, now consolidating around 95K
Trading above 20D & 50D EMAs
Testing 100D EMA near 95.9K
A clean break above the 100D EMA could open a move toward the 200D EMA at 99.4K
Failure could send BTC back toward 92.4K support
Bottom line:
With stress easing, sellers exhausted, and momentum improving, BTC holders are choosing patience keeping 99K firmly in focus.