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Analysis: Bitcoin Selling Pressure Nears Exhaustion as Traders Eye Pullback to $115,000

Analysis: Bitcoin Selling Pressure Nears Exhaustion as Traders Eye Pullback to $115,000

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星球日报星球日报2025/07/22 12:54

Odaily Planet Daily reports that, according to the latest Glassnode report, Bitcoin is currently in a "healthy but fragile" consolidation phase, with profitability slowing and investors becoming more cautious. On-chain data suggests that sellers may be nearly exhausted, and if sentiment continues to cool, BTC could enter a consolidation period. Traders are watching the short-term support range between $115,000 and $120,000, with liquidity concentrated around $115,000.

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