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Analysis: Bitcoin selling pressure is nearing exhaustion, traders are following the Bitcoin pullback to $115,000.
Odaily News According to the latest report from Glassnode, Bitcoin is currently in a "healthy but fragile" consolidation phase, with profitability slowing and investors becoming more conservative. On-chain data shows that sellers may be close to exhaustion, and if sentiment continues to cool, BTC may enter a consolidation period. Traders are focusing on the short-term support range of $115,000 to $120,000, with liquidity gathering around $115,000.