Glassnode Market Insight: Bitcoin Range-Bound — Demand Absorbed Below $111,100; Break Above $114,100 Could Test $118,000

COINOTAG News on September 10 cited a glassnode market insight indicating Bitcoin is currently range-bound. The report highlights an ongoing consolidation phase in which on-chain metrics show persistent demand absorption when prices trade below $111,100, signaling notable accumulation dynamics within that price band.

According to the analysis, a sustained breakout above $114,100 could open the path toward a denser resistance cluster near $118,000, which market participants may monitor as a potential test area. Traders and portfolio managers should pay attention to liquidity, order-book depth and on-chain demand indicators while maintaining disciplined risk management in light of the reported range-bound context.