According to Glassnode, Bitcoin's market momentum has slowed following its all-time highs, with the Realized Profit to Loss Ratio dropping from 3.9 to 2.6, signaling a cooling in profitability. Glassnode added that investors are adjusting to range-bound conditions. Popular trader Daan Crypto Trades highlights $115,000 as a key liquidity point, noting that positions are building in this range, potentially fueling the next price move, according to Cointelegraph.
Analysis: Bitcoin market consolidates after record highs, $115K retest possible
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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