Bitcoin continues to hold above the $115,000 threshold despite emerging signs of selling pressure on major exchanges. Recent data shows negative Net Taker Volume on Binance, indicating heightened selling activity, while the stable Coinbase Premium Index suggests balanced demand among U.S. investors contrasts with elevated buying activity reflected in the Korea Premium Index.
Market analyst Boris Vest highlights an ongoing liquidity battle between buyers and sellers, noting active absorption of sell orders near $116,000 has maintained price stability. This dynamic establishes a critical support zone between $115,200 and $112,000 that could dictate Bitcoin’s near-term trajectory.
Should current support levels hold, technical analysts project a potential breakout above $120,000 may gain momentum. Bitcoin researcher Axel Adler Jr. adds that BTC appears positioned in a sustainable growth phase, with technical indicators suggesting room for advancement toward $139,000 without immediate overheating signals.
The divergent institutional and regional demand patterns underscore the complex market forces influencing Bitcoin’s consolidation phase. Market observers emphasize that the ongoing absorption of sell-side pressure indicates underlying strength despite short-term volatility.