Important points
- According to Glassnode, the market is in a stage of consolidation.
- Net premium flows are seeing concentrated selling between $109,000 and $115,000.
According to recent blockchain analysis data, Bitcoin has experienced intensive selling activity during the period of market consolidation. Selling pressure is concentrated within the $109,000 to $115,000 range, as evidenced by the net premium flows tracking options trading patterns.
Market participants are adopting defensive positioning strategies, and traders are increasingly hedging against price strength. Options market data shows increased demand for puts, suggesting increased caution as volatility subsides.
According to an on-chain report, long-term holders are selling in anticipation of rising prices, contributing to the market’s defensive stance. This selling action comes amid broader market uncertainty affecting crypto assets.
The combination of intensive selling and defensive trader positioning reflects typical market behavior during periods of consolidation, when participants often reassess their positions in advance of potential directional moves.
