Long-term holder supply distribution heatmap shows that there is a dense cluster of cost basis in the $93K to $109K range, forming a clear upward pressure zone. For Bitcoin to continue breaking through this price band, it must first digest the supply in this area. Generally speaking, only when the price clearly breaks through this range can the upward space be truly opened. Currently, this $93K-$109K zone is like a checkpoint; the more long-term holders choose to cash out here, the more the subsequent upward potential will be limited.