🚨 Glassnode Latest Analysis: Bitcoin's Key Threshold is Here!
🔹 Investors are actively accumulating in the range of 108,000–116,000, showing resilience in buying, but the market remains weak in the short term.
🔹 Key Levels:
If it breaks above 114,000–116,000: It is expected to reignite an upward trend 🔥
If it falls below 104,000: It may drop to 93,000–95,000 ⚠️
📊 Data Side Signals:
The profit rate for short-term holders has increased from 42% → 60%, but has not yet formed strong support.
ETF inflows have noticeably slowed, with insufficient demand momentum.
Futures market funding rates remain neutral, but potential demand is declining.
👉 The market is currently at a critical point of directional choice; whether it can stabilize at 114,000 will directly determine short-term confidence.
🤔 Where do you think Bitcoin will go next? Will it surge to 120,000, or will it fall back to over 90,000?
