🟢Following October’s correction, Bitcoin appears to be consolidating around the $100,000 mark, forming a potential local bottom. Glassnode data shows that the rebound to $106,000 signals a renewed presence of buyers, while the short-term range between $111,000 and $116,000 may determine the next price direction. The area between $100,000 and $108,000 is emerging as a likely mid-term support zone.
🟢According to Glassnode, short-term holders’ realized losses are now above average — a typical sign of early accumulation phases when stronger investors buy coins from panicked sellers. Despite continued ETF outflows, analysts view the market as relatively stable: selling pressure is easing, and the RSI indicates oversold conditions that could lay the groundwork for the next upward leg.