Bitcoin Market Dynamics: BTC faced resistance at the $99,000 mark. Data from major orders shows that large holders accumulated sell orders totaling $62.51 million above this price point, with an average selling price of $99,001.9. This data indicates significant selling pressure in the market around this price.

Additionally, BTC briefly surged to $99,414 in the morning with a notable increase in trading volume, but ultimately closed below $99,000. This trend indicates that Bitcoin encountered clear resistance while attempting to break through, and market sentiment may be turning cautious. Investors need to closely monitor subsequent market movements to assess future trends.