Glassnode: Bitcoin Weak Consolidation, Is a Big Volatility Coming?
Summary:
If signs of seller exhaustion begin to appear, it is still possible to advance towards the $95,000 cost basis for short-term holders in the short term.
Original Title: Anchored, But Under Strain
Original Authors: Chris Beamish, CryptoVizArt, Antoine Colpaert, Glassnode
Original Compilation: AididiaoJP, Foresigt News
Bitcoin remains trapped in a fragile range, with increasing unrealized losses, long-term holders selling, and persistently weak demand. ETF and liquidity remain sluggish, the futures market is weak, and options traders
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