Bitcoin News Today: Bitcoin Bounces in $110k–$116k "Air Gap" Amid Mixed Buying Pressure

Bitcoin’s price action has drawn attention to the $110,000–$116,000 range, where on-chain analytics firm Glassnode has labeled the zone an “air gap”—a term describing low liquidity and weak historical trading activity [1]. Recent price movement from $112,000 to $114,000 triggered a notable response from buyers, with around 120,000 BTC being accumulated during the rebound [1]. This volume suggests that investors were capitalizing on the dip, seeking to position themselves ahead of potential upside, and indicates a level of confidence in Bitcoin’s near-term support [3].

The buying pressure has pushed the price back above $114,000, reflecting short-term optimism, but the market remains in a tight consolidation phase. At press time, Bitcoin hovered near $116,100, showing resilience despite attempts by sellers to push the price lower [1]. However, the $116,000–$117,000 range continues to act as a key resistance, and without a clear breakout, the market may struggle to confirm a stronger trend [3].

Long-term holders have also taken advantage of the recent price bounce, with analyst Ali Martinez reporting that holders realized roughly $44 million in profit over two days [1]. This activity aligns with Bitcoin’s recovery to just above $114,000, signaling a cautious approach to profit-taking amid the current volatility [1]. Notably, profit-taking had been inconsistent throughout July, and the sudden spike in realized gains suggests that some investors are capitalizing on the short-term strength before a potential pullback [1].

In a broader market context, analyst ZYN highlighted that Bitcoin’s price has historically reacted to global money supply, while altcoins tend to correlate more closely with U.S. liquidity trends [1]. U.S. money supply is currently expanding at 1.09% year-over-year—the fastest rate since late 2024—potentially supporting increased participation in the crypto space [1]. With the Federal Reserve expected to cut interest rates two or three times before year-end, market conditions may become more favorable for altcoins, assuming the trend in liquidity continues [1].

Despite recent buying interest, the $110,000–$116,000 range remains fragile. Without additional accumulation or a decisive price move beyond this zone, the market could continue to face uncertainty. Glassnode analysts have warned that this low-liquidity environment could either serve as a base for a new uptrend or expose the market to a deeper correction if demand wanes [1]. The current phase is being described as one where the market is “re-finding its footing,” and the next few days may determine whether Bitcoin can establish a stronger base or if further downward pressure will be needed to clear the air gap [2].

Sources:

[1] Post-ATH Indecisiveness. (2025). https://insights.glassnode.com/the-week-onchain-week-31-2025/

[2] Asia Morning Briefing: BTC Slips Into Low-Liquidity “Air Gap. (2025). https://finance.yahoo.com/news/asia-morning-briefing-btc-slips-013023666.html

[3] Bitcoin Settles Into $110k–$116k 'air gap' as Market Awaits. (2025). https://www.fastbull.com/news-detail/bitcoin-settles-into-110k116k-air-gap-as-market-4338606_0