Glassnode identifies concentrated Bitcoin selling amid market consolidation
Defensive option strategies highlight shifting investor sentiment as long-term holders take profits in a maturing market.
Key Takeaways
- According to Glassnode, the market is in a phase of consolidation.
- Net-premium flows show concentrated selling between $109,000 and $115,000.
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Bitcoin is experiencing concentrated selling activity during a period of market consolidation, according to recent blockchain analytics data. The selling pressure focuses within the $109,000–$115,000 range, as revealed through net-premium flows tracking options trading patterns.
Market participants are adopting defensive positioning strategies, with traders increasingly hedging into price strength. Options market data shows elevated put demand, signaling heightened caution as volatility subsides.
On-chain reports indicate long-term holders are selling into upward price movements, contributing to the defensive market stance. This selling behavior has emerged amid broader market uncertainty affecting crypto assets.
The combination of concentrated selling and defensive trader positioning reflects typical market behavior during consolidation periods, when participants often reassess positions ahead of potential directional moves.
