Bitcoin consolidates at $111K, trading between $104K–$114K. Glassnode data suggests this range may act as a BTC stabilization zone.
Bitcoin’s consolidation at $111K has become the focus for traders. Analysts are now watching whether the cryptocurrency will extend its correction or stage a rebound.
Meanwhile, data from Glassnode indicates that the current range of $104,100 to $114,300 has historically stood as a zone of stability, after euphoria.
This phase comes after sharp uptrends and often decides whether the next move continues the bull cycle or enters deeper correction territory.
Bitcoin consolidation at $111K
Since reaching an all-time high in mid-August, Bitcoin has dropped to $108,000 before recovering toward $112,000.
That movement shows a textbook post-high correction, with volatility increasing as traders debate the next direction. While assets like gold are pushing higher, Bitcoin remains locked within a band 10% to 15% below its peak.
According to Glassnode’s recent “The Week Onchain” newsletter, this consolidation corridor is similar to that of past cycles. Historically, trading within this quantile band has led to sideways action before stronger trends start to show up.
Short-term holders drive volatility.
Short-term holders, or wallets that hold BTC for less than six months, tend to shape corrections during bull markets. Their profitability has shifted within the current range.
Now with prices at $108,000, the share of short-term supply in profit dropped from over 90% to just 42%.
This swing shows how quickly market psychology can change. When losses mount, many short-term holders tend to exit, which can add selling pressure. Once they exhaust their selling capacity, the price often stabilises. The recent rebound back above $111,000 shows just how this cycle of stress and relief plays out.
Glassnode’s view on the consolidation range
Glassnode pointed out two important levels. The lower boundary at $104,100 shows possible exhaustion if broken. This means that a sustained move below could resemble earlier phases in the cycle where market energy faded before stabilising at lower prices.
On the other hand, reclaiming $114,300 would indicate that demand is strong enough to retake control.
That move would be a sign of fresh capital inflows and could restore confidence among traders who are expecting another bullish run.
A drop near $104,100 could prompt buyers to watch for reversal signs, like a double bottom or improving on-chain metrics (like active addresses).
If Bitcoin climbs past $114,000, the setup may align with improved funding rates on futures, alongside stronger spot demand.
Day traders and swing traders can use alerts around these levels to manage their risk.
General market implications
Bitcoin’s consolidation does not occur in isolation. When BTC trades sideways, altcoins tend to follow the uncertainty. If Bitcoin falls under $104,000, fear could spread across the market and lead to sharp altcoin selloffs and higher volumes.
On the other hand, a breakout above $114,000 may support altcoin recoveries and lift the total crypto market cap.
Institutional activity also matters here. Inflows into the Bitcoin ETFs or rising open interest on futures markets could speed up whichever direction BTC chooses next.
