According to @CoinMarketCap, Bitcoin remains below 95,000 while roughly 6.7 million BTC are trading under purchase price, which Glassnode identifies as this cycle's highest loss-bearing supply. According to Glassnode research, large clusters of underwater coins often align with prior cost-basis levels and can act as resistance until price reclaims them, making 95,000 a key level for traders to monitor. According to Glassnode's unrealized profit and loss methodology, a sustained break and close above 95,000 would mechanically flip part of the loss-bearing supply back into profit, increasing the share of profitable supply tracked by Glassnode.