Bitcoin Consolidates Between $104K–$116K
Bitcoin consolidates in the $104K–$116K zone as ETF flows cool. A breakout or breakdown could shape the next big move.
- Bitcoin consolidates after investor absorption between $104K–$116K.
- ETF and futures flows suggest weakening short-term demand.
- A breakout above $116K could trigger a bullish trend.
Bitcoin is currently consolidating within the $104,000 to $116,000 range, a zone analysts are calling the “air gap.” This phase follows a wave of absorption by long-term investors, where a significant amount of supply was taken off the market. The pause in price movement suggests the market is catching its breath before the next major move.
This consolidation phase is typical after strong uptrends, as both bulls and bears reassess their positions. The current structure shows buyers are defending the $104K zone, but resistance at $116K remains a challenge.
ETF & Futures Flows Indicate Cooling Demand
One key reason for the slower momentum is a noticeable cooling in ETF inflows and futures activity. Earlier in the year, institutional interest drove Bitcoin prices higher, but recent data shows a decrease in that demand.
ETF products that once saw aggressive accumulation are now seeing modest inflows or even periods of outflows. Similarly, open interest in Bitcoin futures has leveled off, suggesting traders are waiting for a clearer signal. This lack of strong directional demand is part of why the price remains stuck in this tight range.
Breakout or Breakdown? Key Levels to Watch
Market participants are closely watching two critical levels: $116K and $93K. A confirmed breakout above $116K could re-ignite bullish sentiment, with potential for a retest of all-time highs. On the flip side, if Bitcoin breaks below $104K and dips into the $93K–$95K region, it could trigger a deeper correction.
Until a clear breakout or breakdown occurs, the market may remain range-bound. Traders and investors are advised to stay alert and manage risk carefully as Bitcoin moves through this consolidation phase.
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