According to Cointelegraph, Bitcoin's market momentum has slowed after reaching an all-time high, and investors are beginning to adapt to range fluctuations. Glassnode indicates that profitability has 'cooled,' but there is still potential for new gains.
Glassnode's latest report indicates that the consolidation of Bitcoin prices has led to a decline in profits, and the market may enter a longer consolidation phase. Profitability indicators have slightly decreased but remain in a frenzy state.
Traders are focusing on the liquidity accumulation at $115,000, which may lead to a drop in BTC prices. The market reflects a healthy yet fragile balance, and seller exhaustion could encourage further market increases.
Analysis shows that the liquidity of the exchange order book points to $115,000 as a potential price magnet. In the short term, attention should be focused on the ~$115K-$120K area, with the largest liquidity cluster just below ~$115K.
