Analysis: Bitcoin selling pressure is nearing depletion, traders are concerned about Bitcoin's pullback to $115000

Odaily Planet Daily News: According to Glassnode's latest report, Bitcoin is currently in a "healthy but fragile" consolidation period, with slowing profitability and investors becoming more conservative. On chain data shows that sellers may be nearing depletion, and if emotions continue to cool down, BTC may enter a consolidation period. Traders focus on the short-term support range of $115000 to $120000, with liquidity gathering around $115000.