Bitcoin (BTC) prices remain in the revised phase after reaching a historic maximum of over $124,000 in August. The subsequent fall led to assets up to $108,000 before stabilizing around $112,000.
In the case of GlassNode Analysis Firm, despite bearish pressure, demand in the $108,000 to $116,000 range shows constant accumulation, indicating a fall purchase and avoiding a larger setback.
Glassnode warns that the sense of euphoria in the market ended on August 19th.
As of September 4th, BTC is listed between 0.85 and 0.95 quantile costs, which amount to $104,100-$114,300. This strip is considered decisive Continuous destruction above $114,000-116,000 could resume control of upward trendsif it falls below $104,000, the revision could be extended to $93,000-$95,000.
The report also highlights the importance of recent buyer behavior in this phase. They showed when the price was reduced to $108,000the percentage of short-term holders of profits fell from 90% to 42%.generates panic sales. This level remains vulnerable, but a partial recovery of up to $112,000 has brought its profits to over 60%.
Just come back above the main price of $116,000 Place over 75% of these owners in the profitability zone. Integrate bullish impulsesaccording to GlassNode.
Modifications in historical contexts
According to analysts, the set-off that Bitcoin experiences is within the normal parameters of the bullish cycle. Since its biggest in 2024, Bitcoin has recorded a fall of up to 28%, with an average of 20% to 25%. A cryptography staple analyst known as Darkfos recently noted that “these set-offs are usually healthy as they restore derivative leverage, restore cool overheating, and provide opportunities for new entries.”
Professional trader Willie Wu said it on his side Bitcoin may be in the stabilization stageafter a few weeks of exit, after registering the first day in positive capital flow. In the case of WOO, this indicator suggests that the BTC structure may be regenerating the background.
Economist Aaron Ormos explained the current corrections to Cryptonotic. They respond to complex macroeconomic environments: “Inflation reporting in the US, economic growth, international tensions and tariffs have pushed markets. BTC is no exception,” he recalls.
«However, those with great holdings use waterfalls to accumulate. Historically, September has been the month of Bitcoin revisions unless there were extraordinary events,” he explained.
This argument is supplemented with GlassNode data. This indicates that chain metrics still show vulnerability and are still vulnerable in a market that vibrates between optimistic integration and fatigue.
The strong feeling is maintained
However, upward sentiment is still valid and highly valued in technical data. According to Bitcoin Market Analyst Carmelo Aleman There are “approximately 25 technical indicators that refer to the largest margin of uploads.”
In his exclusive comments on Cryptootics, the specialist noted that global liquidity (M2), short-term fund availability metrics are expanding.
«When liquidity M2 rises, after 2-3 months, it usually moves to Bitcoin, as some of its capital is directed towards assets. Metrics, capital letters made with Bitcoin, investment flows are still rising, supporting bullish scenarios,” he emphasized.
At this point, market attention is concentrated at the next meeting of the US Federal Reserve. According to analysts at Santinocripto, interest rate cuts could increase around $125,000 to $130,000 in the coming weeks, potentially having an even greater impact on cryptocurrency. If the average rebound is expected to be between 40% and 50%.
In general, short-term scenarios show that Bitcoin remains in a critical range. The currency, which continues to consolidate around $112,000, will generate mixed signals with internal metrics, maintaining the expectations placed on Federal Reserve decisions. Thus, the next few days of action is critical to check whether the upward cycle reactivates or whether the bear pressure remains at the observed level.
