Bitcoin stays above $115,000 despite retail sell pressure. Analysts say resilient demand and strong buyer absorption could pave the way for a breakout to $140K.
Bitcoin Liquidity War Continues, But Bulls Eye $140K Breakout
Bitcoin (BTC) is maintaining key support above $115,000, even as short-term momentum stalls following its all-time high of $123,100. According to market data, the ongoing sideways action reflects weakening retail demand, yet bullish structural strength remains intact, suggesting the potential for another breakout toward $140,000.
Retail Sell Pressure Weighs on BTC Momentum
Bitcoin's recent consolidation phase is driven by a mix of profit-taking and lower spot demand on major exchanges. CryptoQuant data shows that Bitcoin’s Net Taker Volume has once again turned negative, falling below $60 million. This indicates that market takers—those who execute trades at market price—are primarily selling rather than buying.
In addition, the Coinbase Premium Index remains flat, signaling lukewarm interest from U.S. spot buyers. Meanwhile, Korea's BTC Premium Index has slipped into negative territory, meaning Bitcoin is trading at a discount on Korean exchanges—a sign of reduced local demand and cautious sentiment from retail traders.
Buyers Still Absorbing Sell Pressure Near $115K
Despite these bearish indicators, Bitcoin’s ability to defend the $115,000 level shows underlying strength. Analyst Boris Vest noted that BTC’s recent liquidity zone between $116,000 and $120,000 has formed a stable two-sided market where buyer absorption remains active.
Recent data supports this: a $4.1 billion negative cumulative volume delta (CVD) on Binance was immediately countered by a $2.3 billion positive delta, showing that buyers are stepping in at lower levels. This dynamic signals that bulls remain in control, provided BTC holds the mid-$110,000 support band.
Next Move Hinges on Fair Value Gap Reaction
From a technical perspective, analysts are watching the daily Fair Value Gap (FVG) between $115,200 and $112,000. A sweep into this zone could attract liquidity, trigger leveraged liquidations, and potentially fuel the next leg up.
If Bitcoin rebounds sharply from this zone, it could ignite a move toward $125,000 and beyond. But failure to hold above recent lows near $115,700 may expose BTC to further downside, delaying any bullish continuation.
$140K Still in Play
Despite the short-term turbulence, on-chain metrics and market structure continue to support a bullish outlook.
“We haven’t yet entered a phase of excessive optimism. There’s still room for further upside toward $139K without a serious risk of overheating,” said Axel Adler Jr., a Bitcoin researcher.
He noted that BTC remains in a growth zone, and current buyer activity suggests accumulation rather than euphoria—a sign that the market may still be early in its broader uptrend.
Bitcoin remains locked in a liquidity tug-of-war, with retail sellers pressuring prices while committed buyers absorb dips. As long as BTC holds above $112,000–$115,000, the technical and on-chain backdrop supports the thesis for a breakout toward $140,000, especially if market momentum returns after a potential FVG sweep.
