According to analysis by Glassnode, Bitcoin could face significant selling pressure as its price approaches $99,900. Data indicates that long-term holders—wallets holding Bitcoin for at least 155 days—typically begin distributing their coins more actively when they achieve an unrealized profit of approximately 350%. This profit level corresponds to a Bitcoin price near $99,900.
Additionally, wallets that purchased Bitcoin earlier this year within the $95,000 to $98,000 range might choose to close their positions or take partial profits as the price returns to that level. This behavior could further intensify selling pressure.
Glassnode highlights that this price range forms a critical resistance level. If Bitcoin can decisively break above $99,900, it may open a pathway toward price discovery beyond $100,000.
Bitcoin has already surpassed the $90,000 mark, and market participants are watching closely to see if it can set a new all-time high, exceeding the record of $109,000 set earlier this year.
European Central Bank Partners with COTI for Digital Euro Development
The European Central Bank (ECB) has selected COTI, an Ethereum-based privacy layer protocol, as a partner in developing the technical framework for the digital euro. This initiative is part of the central bank digital currency (CBDC) pilot, which also involves major firms like KPMG and Accenture, with a target launch in early 2026.
COTI will utilize its proprietary Garbled Circuits encryption protocol to build core privacy features for the digital euro. The nearly 70 organizations selected for this project must complete technical validation of conditional payment systems by 2026.
Shahaf Bar-Geffen, CEO of COTI, noted that this is the company's second major CBDC collaboration, following its work on Israel's digital shekel project. The focus will be on integrating privacy protections into the foundational architecture of the system. The ECB will provide technical specifications and API support to its partners, with a full evaluation report expected by the end of the year.
XWeave Secures $3 Million Seed Funding for Cross-Border Stablecoin Payments
Singapore-based XWeave, a company specializing in cross-border payments using stablecoins, has completed a $3 million seed funding round. The round was led by Jungle Ventures and Lightshift, with participation from White Star Capital, Fabric Ventures, DCG, The Venture Dept., and venture studio Menyala.
XWeave aims to bridge traditional fiat currency systems with stablecoin networks to enable instant, compliant, and cost-effective cross-market fund transfers. Its non-custodial infrastructure allows institutions to conduct cross-border transactions without holding user funds. The new capital will support the expansion of its network into the Middle East and other parts of Asia.
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Bernstein Forecasts $330 Billion Corporate Bitcoin Buying by 2029
Wall Street brokerage firm Bernstein predicts that corporate treasuries worldwide will acquire an additional $330 billion in Bitcoin by the end of 2029. MicroStrategy is expected to contribute approximately $124 billion of this total, with the remaining $205 billion coming from small and medium-sized enterprises that are adopting Bitcoin at a slower pace.
The report notes that the crypto-friendly regulatory environment in the United States is a key driver behind this corporate adoption trend. Currently, publicly traded companies hold about 720,000 BTC, representing 2.4% of Bitcoin’s total supply. However, Bernstein also cautions that MicroStrategy’s aggressive acquisition model may be difficult for other companies to replicate.
Doppel Raises $35 Million Series B for Digital Risk Protection
Doppel, a digital risk management and protection platform, has completed a $35 million Series B funding round. The investment was led by Bessemer Venture Partners, with participation from 9Yards Capital, SOZO Ventures, Strategic Cyber Ventures, a16z, South Park Commons, and Script Capital.
Doppel uses artificial intelligence to help organizations protect against social engineering threats such as phishing, impersonation, and deepfake fraud. The new funds will be used to develop a hybrid digital protection infrastructure that combines generative AI with expert human analysis.
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Frequently Asked Questions
What is causing selling pressure for Bitcoin at $99,000?
Long-term Bitcoin holders often start selling when their unrealized profits reach around 350%, which corresponds to a price near $99,900. Additionally, investors who bought between $95,000 and $98,000 may sell to break even or take profits, adding to the pressure.
How is the European Central Bank incorporating privacy into the digital euro?
The ECB is working with COTI to implement privacy features using advanced encryption protocols like Garbled Circuits. This ensures that user privacy is built into the core architecture of the digital euro.
What does XWeave do?
XWeave facilitates cross-border payments by integrating traditional fiat systems with stablecoin networks. Its non-custodial platform allows institutions to transfer funds instantly and compliantly without holding customer assets.
Why are corporations buying Bitcoin?
Companies are increasingly adding Bitcoin to their treasuries as a hedge against inflation and currency devaluation. Supportive regulations in the U.S. have also encouraged this trend.
What is Doppel’s main service?
Doppel offers AI-driven digital risk protection to help organizations defend against phishing, impersonation, and deepfake scams. It combines automated systems with human expertise for enhanced security.
Can Bitcoin exceed $100,000?
If Bitcoin breaks through the $99,900 resistance level, it could enter a phase of price discovery beyond $100,000. Market sentiment and institutional adoption will play key roles in determining its upward potential.