According to Cointelegraph, Bitcoin's market momentum has slowed after reaching an all-time high, and investors are beginning to adapt to range volatility. Glassnode reports that profitability has 'cooled,' but there is still potential for new increases.
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 state of euphoria.
Traders are focused on a liquidity accumulation at $115,000, which could lead to a drop in BTC prices. The market reflects a healthy but fragile balance, with seller fatigue potentially prompting further market increases.
Analysis shows that exchange order book liquidity points to $115,000 as a potential price magnet. In the short term, attention should be paid to the ~$115K-$120K area, with the largest liquidity cluster below ~$115K.
