Due to the recent large sell-off by buyers, the price of Bitcoin continues to hover around $93,000. On-chain data shows that a large number of Bitcoin transactions occurred at prices between $93,000 and $110,000, with the average cost for short-term holders being approximately $101,500. These investors, who are currently at a loss, continue to sell near the breakeven point, creating a price ceiling. Additionally, market makers are also motivated to keep the price below $90,000 before the options expire on December 26, further reinforcing the resistance.