Bitcoin Stabilizes in $110k–$116k Trading Range Awaiting Demand

Bitcoin Stabilizes in $110k–$116k Trading Range Awaiting Demand

Bitcoin is consolidating between $110,000 and $116,000, forming an “air gap” in liquidity after dropping from July’s all-time high of $123,000. Major institutions like Coinbase and Tether have accumulated 30,000 BTC, signaling potential future market movement.

This price range is significant as institutional investors assess buying opportunities while awaiting demand resurgence. Market reactions are closely watched for potential breakout or continuation patterns.

Bitcoin has settled between $110,000 and $116,000 following its sharp decline from the July peak of $123,000. The consolidation occurs within a liquidity “air gap” , noted by Glassnode analysts. Major entities like Coinbase and Tether have acquired approximately 30,000 BTC since the downturn. Despite these moves, significant statements from major industry CEOs remain absent. This development highlights the importance of institutional actions.

The financial landscape is impacted as over $922 million in leveraged positions were liquidated, indicating a reset open to new accumulation. Institutional buying has the potential to affect related markets, such as Ethereum. The on-chain data suggests new investor interest, as seen in the acquisition of 120,000 BTC, pushing BTC values upward. This demand trend is critical for assessing future market directions. Analysts indicate a potential volatility increase if BTC remains below $116,000, with Alva, On-Chain Analyst noting ,

“BTC is in a classic squeeze zone…if BTC doesn’t reclaim the $116k mark soon, oversold indicators like the CRSI could invite volatility and a swift drop to lower support levels.”