PANews August 28 news, according to Glassnode data, the current trading price of Bitcoin is $111,000, testing the key support range of $107,000 to $108,900. If it falls below this range, it may further drop to $93,000 to $95,000. Short-term holder pressure is intensifying, with $113,600 possibly becoming a resistance level for a rebound. Data shows that the current pullback of Bitcoin is approximately 11.4%, significantly lower than the historical bear market cycle's pullback range of 25% to 75%, and the overall market has not shown widespread panic selling signs. In addition, spot demand is trending neutral, the perpetual contract market sentiment is bearish but relatively weak, and the funding rate remains around 0.01%, indicating that market sentiment is still in a state of uncertainty.