Bitcoin Faces “Healthy but Fragile” Consolidation Amid Slowing Profitability and Seller Exhaustion, Glassnode Reports

Bitcoin is undergoing a delicate consolidation phase, as highlighted by the latest analysis from Glassnode. Market indicators reveal a deceleration in profitability, prompting a shift towards more cautious investor behavior. On-chain metrics suggest that the pool of available sellers is nearing depletion, signaling a potential stabilization in supply dynamics. Current trading activity centers around a critical support zone between $115,000 and $120,000, where liquidity appears to be concentrated, particularly near the $115,000 mark. This data underscores a period of measured market adjustment rather than abrupt volatility, reflecting a prudent stance among market participants. Investors and traders are advised to monitor these levels closely, as sustained sentiment cooling could reinforce the ongoing consolidation trend, impacting short-term price movements and liquidity distribution.