Bitcoin is currently in a consolidated state between $110,000 and $116,000, with limited liquidity. This follows a sharp price correction from its all-time high.
Current Market Situation
Bitcoin is consolidating in a range between $110,000 and $116,000, referred to by analysts as an "air gap" due to thin liquidity and limited trading activity following a significant price correction.
Increase in Institutional Accumulation
Major institutional players, such as Tether and Coinbase, have accumulated about 30,000 BTC in this price range, according to on-chain analysis data. However, prominent industry figures remain silent on this occurrence.
Expectations for New Drivers
The current consolidation of Bitcoin may lead to significant market movements if new factors influencing liquidity, such as regulatory changes or ETF fluctuations, emerge. For now, market sentiment remains cautious.
Bitcoin displays stability amid low liquidity and increasing institutional interest, which may herald future market movements.
