Bitcoin’s Range-Bound State and Positive Demand Shift
- Bitcoin remains range-bound, clearing liquidity on both sides without a clear directional trend.
- Market liquidity is well-defined above and below current price levels, creating a choppy trading environment.
- Demand for Bitcoin has turned positive after months of weakness, now at approximately +1,200 BTC.
- In December, Bitcoin demand had bottomed out at around -154,000 BTC, indicating previous market struggles.
Bitcoin’s current range-bound state reflects a market in flux as it clears liquidity on both ends without establishing a clear trend direction. The recent shift to positive demand suggests easing selling pressure and potential structural accumulation.
This change in demand marks a significant shift from the negative levels seen last December and could indicate an early transition from distribution back to accumulation phases in the market. (Source)
