Bitcoin News Today: Bitcoin Consolidates in $110k–$116k Range as Institutional Buyers Accumulate 30k BTC

Bitcoin has been consolidating within a $110,000 to $116,000 price range following its pullback from the July high of $123,000, forming what analysts describe as a liquidity “air gap” [1]. This range has become a focal point as the market awaits signs of renewed demand and potential breakout signals. Institutional activity has increased within this consolidation phase, with major entities such as Tether and Coinbase acquiring approximately 30,000 BTC since the recent downturn [1].

The current range reflects a period of market recalibration. Over $922 million in leveraged positions were liquidated during the recent volatility, indicating a broader reset in positioning and an opportunity for new accumulation [1]. While large institutional players have been accumulating, major industry leaders have remained relatively silent, with no significant commentary from top executives influencing the price direction.

On-chain data suggests that new investor interest is emerging, with 120,000 BTC acquired across the network, potentially supporting a bullish trend. However, the market remains in a delicate balance. Analyst Alva, an on-chain analyst, warns that Bitcoin is in a “classic squeeze zone,” and if it fails to reclaim the $116,000 level, oversold indicators like the CRSI could trigger increased volatility and a rapid drop toward lower support levels [1].

The absence of clear leadership from major players means the outcome of this consolidation remains uncertain. Institutional buying could influence not only Bitcoin but also related assets like Ethereum. However, without a strong catalyst pushing the price above the $116,000 resistance, the market may continue to experience fluctuations, driven by technical indicators and investor sentiment.

Source:

[1] Bitcoin Stabilizes in $110k–$116k Trading Range Awaiting Demand (https://coinmarketcap.com/community/articles/689433d44efbf54e608dc876/)