Analysis: Bitcoin Selling Pressure Nears Exhaustion as Traders Eye Pullback to $115,000
Odaily Planet Daily reports that, according to the latest Glassnode report, Bitcoin is currently in a "healthy but fragile" consolidation phase, with profitability slowing and investors becoming more cautious. On-chain data suggests that sellers may be nearly exhausted, and if sentiment continues to cool, BTC could enter a consolidation period. Traders are watching the short-term support range between $115,000 and $120,000, with liquidity concentrated around $115,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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