$BTC Bitcoin is cooling down after failing to hold the $111,000 mark. This has caused investors to pull back and gradually withdraw from Bitcoin. According to blockchain analysis platform Glassnode, the Bitcoin market is entering a 'cooling' phase after failing to maintain levels above $111,000. One of the key indicators, Spot Cumulative Volume Delta (CVD), which measures the buying and selling pressure of an asset over time, has turned negative, indicating that selling pressure in the spot market is increasing. 'Momentum has dropped to neutral levels, CVD has decreased sharply, and trading volume has fallen below the statistical average,' Glassnode stated.