Glassnode identifies concentrated Bitcoin selling amid market consolidation
Key Takeaways
- According to Glassnode, the market is in a phase of consolidation.
- Net-premium flows show concentrated selling between $109,000 and $115,000.
Bitcoin is experiencing concentrated selling activity during a period of market consolidation, according to recent blockchain analytics data. The selling pressure focuses within the $109,000–$115,000 range, as revealed through net-premium flows tracking options trading patterns.
Market participants are adopting defensive positioning strategies, with traders increasingly hedging into price strength. Options market data shows elevated put demand, signaling heightened caution as volatility subsides.
On-chain reports indicate long-term holders are selling into upward price movements, contributing to the defensive market stance. This selling behavior has emerged amid broader market uncertainty affecting crypto assets.
The combination of concentrated selling and defensive trader positioning reflects typical market behavior during consolidation periods, when participants often reassess positions ahead of potential directional moves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum undergoes "Fusaka upgrade" to further "scale and improve efficiency," strengthening on-chain settlement capabilities
Ethereum has activated the key "Fusaka" upgrade, increasing Layer-2 data capacity eightfold through PeerDAS technology. Combined with the BPO fork mechanism and the blob base price mechanism, this upgrade is expected to significantly reduce Layer-2 operating costs and ensure the network’s long-term economic sustainability.
Down 1/3 in the first minute after opening, halved in 26 minutes, "Trump concept" dumped by the market
Cryptocurrency projects related to the Trump family were once market favorites, but are now experiencing a dramatic collapse in trust.
Can the Federal Reserve win the battle to defend its independence? Powell's reappointment may be the key to victory or defeat
Bank of America believes that there is little to fear if Trump nominates a new Federal Reserve Chair, as the White House's ability to exert pressure will be significantly limited if Powell remains as a board member. In addition, a more hawkish committee would leave a Chair seeking to accommodate Trump's hopes for rate cuts with no room to maneuver.
Trending news
MoreCrypto prices
More
