Bitcoin Stuck Around $110,000: Is $105,000 Or $115,000 Next?
Posted On September 2, 2025
Bitcoin‘s (CRYPTO: BTC) market structure remains fragile, with bearish pressures dominating across spot, futures, and on-chain metrics, according to a Glassnode report.
What Happened: Despite brief relief from renewed ETF inflows, weakening demand, reduced profitability, and fading conviction across trading venues point to a defensive market stance.
The report noted Bitcoin’s pullback to $107,000, testing the short-term holder cost basis, a key battleground for sentiment.
Historically, this level has marked inflection points between bullish recoveries and further downside.
Spot market activity showed weakening conviction as relative strength index levels slipped into oversold territory and volumes contracted.
While cumulative …
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