Bitcoin (BTC) It is combined into the delicate “air gap” between $ 110,000 and $ 116,000, as the market is waiting for a new request to create a fixed base.
According to August 6 report by GlassBTC price returned to $ 113,000 after setting the highest new level ever exceeding $ 123,000 in mid -July. This price movement left many new underwater buyers and established a supply group with a cost basis for more than $ 116,000.
It supported the minimum of that group over and over again until July 31, when BTC decreased in the air gap. Historically, these low liquidity ranges can turn into accumulating areas with buyers’ interference in an imagined discount.
The report compared the modified URPD shots that were modified from the entity from July 31 and August 4 to a decrease in purchase.
After a recovery from about $ 112,000, investors acquired approximately 120,000 BTC and raised immediate prices Again above 114,000 dollarsProof of opportunistic demand.
However, the range of $ 110,000 -116,000 dollars is still light in the total. It is possible that the time spent by accumulation here is to build a platform for the next movement higher.
New resistance, unhealthy standards
The march has not yet recovered the basis of the cost -holders in one and one month, now with decisive resistance near $ 116,900. The above collapse above signs of control of control, while failure raises the risk of deeper test for the previous previous extent ever about $ 110,000.
According to the report, the price sits in a “warm” system but not feverish and is still above the basis of the short -term cost (STH) at $ 106,000. This price level is the threshold that has historically divided the upscale and dramatic stages in Bitcoin markets.
The STH Supply fell in profit from 100 % to 70 % during the clouds, in line with the midfield for the previous bulls. The STH -based volume in the profit has been cooled to 45 %, less than neutral, which means a balanced market with any dominant sides.
ETF flows and leverage
On August 5, the Bitcoin exchange funds (ETFS) in the United States witnessed the flow of 1500 BTC, the largest attack to pressure the ETF sale aspect since April 2025. Historically, these loops were brief, but the approval monitoring is the key.
In derivatives, permanent financing rates have decreased to less than 0.1 %, a neutral area indicating the appetite for speculating cooling and condemning the bullish trend in the near term.
Combated, Bitcoin seems closed in a corridor between 110,000 and $ 116,000, collecting supply and waiting for demand is sufficient to restore $ 116,900 and reaffirm the bullish direction.
