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Analysis: Bitcoin Selling Pressure Nearing Exhaustion, Traders Watching for Bitcoin Pullback to $115,000

Summary: According to reports from Glassnode, Bitcoin is currently in a 'healthy but fragile' consolidation phase, with profitability slowing down and investors becoming more conservative. On-chain data indicates that sellers may be nearing exhaustion, and if sentiment continues to cool, BTC may enter a consolidation phase. Traders are focusing on the short-term support range between $115,000 ...

According to reports from Glassnode, Bitcoin is currently in a 'healthy but fragile' consolidation phase, with profitability slowing down and investors becoming more conservative. On-chain data indicates that sellers may be nearing exhaustion, and if sentiment continues to cool, BTC may enter a consolidation phase. Traders are focusing on the short-term support range between $115,000 and $120,000, with liquidity concentrated around $115,000.

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Link: Analysis: Bitcoin Selling Pressure Nearing Exhaustion, Traders Watching for Bitcoin Pullback to $115,000 [Copy]

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