Bitcoin experienced significant volatility yesterday, briefly dipping below the $115,000 level before staging a recovery to $115,909.
This sharp price fluctuation underscores the liquidity challenges and shifting investor sentiment currently characterizing the cryptocurrency market.
Market analytics firm Glassnode identified a notable low-density accumulation zone between $110,000 and $117,000 in its recent assessment. This technical pattern is often interpreted by analysts as potentially signaling a local bottom building phase for the asset.
The incident highlights the ongoing sensitivity of Bitcoin’s price to market dynamics and liquidity flows, drawing attention from traders monitoring key support levels.