is currently trading between $112,500 and $113,800, facing resistance around $115,000, which corresponds to the 50-day exponential moving average. Analysts warn that surpassing $115,000 might trigger major short liquidations worth about $4.8 billion, possibly pushing the price up to $116,000. Despite this, trading volume stays low, showing that many traders are waiting for clearer signs of strong demand before making strategic moves.
show a decrease of approximately 62,000 BTC in illiquid supply since the beginning of mid-October, indicating that long-term holders are selling into the market.
This move has raised concerns about a lasting price recovery, as fewer coins are being held tightly, resulting in increased potential selling pressure. Momentum traders have pulled back, and new buyers have failed to move in large numbers.
If institutional and retail inflows do not pick up, Bitcoin may continue to consolidate between $108,000 and $115,000. The broader market is split between concerns over increased supply and hopes for a policy-led increase in liquidity.