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Glassnode: BTC is gradually filling the pullback in the range of $109,000 to $116,000, with fewer sell actions in the range of $118,000 to $120,000.
PANews August 5 news, according to Glassnode monitoring, the blank area of Bitcoin price between $109,000 and $116,000 is gradually being filled by market pullbacks, forming a stair-step trend, indicating that investor participation has been relatively stable over the past month. At the same time, the distribution in the range of $118,000 to $120,000 remains relatively limited, indicating that holders in this range tend to continue holding their coins and wait.