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Bitcoin Price Momentum Cools After All-Time High: $115K Support Zone Under Spotlight
Bitcoin (BTC), the world's leading cryptocurrency, is witnessing a slowdown in its bullish momentum after achieving a new all-time high. Market analysts are closely watching the critical $115,000 support level amid concerns of a short-term pullback.
Bitcoin Market Faces a “Healthy Yet Fragile Balance”
On July 22, Cointelegraph highlighted insights from a detailed report by Glassnode, a renowned on-chain analytics firm, describing Bitcoin's market as being in a state of “healthy yet fragile balance.” According to the report, a decline in short-term profitability could hamper Bitcoin’s chances of further upward price movement in the near term.
Following its record-setting high, Bitcoin has entered a consolidation phase that has slightly weakened market profitability indicators. For instance, metrics like the proportion of supply in profit and unrealized profits have experienced minor setbacks. Despite this, Glassnode noted that the cryptocurrency remains positioned within the "euphoria zone," reflecting a market sentiment that is still bullish.
One of the key metrics highlighted in the report is the realized profit/loss ratio, which has dropped from 3.9 to 2.6. This ratio measures whether investors sell their Bitcoin holdings at a profit or a loss relative to their purchase price. Glassnode commented, “This decline signals the market entering a recalibration phase following the all-time high. Although bullish momentum has slowed, realized profits continue to surpass losses.”
$115K Liquidity: Bitcoin’s Critical Make-or-Break Level
Amid price stagnation near the recent all-time highs, analysts are sounding caution about potential market corrections. Daan Crypto Trades, a prominent trader, emphasized that BTC’s prolonged tight range could pave the way for increased volatility as buy-and-sell orders accumulate.
"$BTC is trading within a tight range near its all-time high. Monitor local highs and lows for potential liquidity sweeps. Most trading volume is centered around ~$118K, which serves as the mid-range. Watch this zone closely for short-term market signals."
— Daan Crypto Trades (@DaanCrypto), July 22, 2025.
The trader highlighted the $115,000–$120,000 price range as a critical inflection point for Bitcoin, cautioning about a significant liquidity cluster below the $115,000 mark. Other market analysts have similarly pinpointed the $118,000 zone as another short-term support level that could dictate near-term trends.
Glassnode reinforced this view, noting, "While the bullish sentiment remains intact, sustained declines in market profitability could dampen enthusiasm. This scenario could lead to traders repositioning their holdings, resulting in an extended period of sideways trading or even a potential correction."
Outlook: Consolidation or Correction?
Bitcoin’s price action is at a pivotal stage, requiring close attention from market participants. As sentiment hovers between optimism and caution, the cryptocurrency’s trajectory could be shaped by whether the $115,000 support level will hold during this consolidation phase.
Traders and investors are encouraged to carefully monitor the liquidity zones to anticipate any sharp movements in the price. Whether Bitcoin breaks higher or undergoes a corrective pullback, this critical juncture sets the stage for its next market move.
This version retains all the essential details while improving readability, structure, and incorporating SEO-friendly keywords such as "Bitcoin price action," "support level," "BTC liquidity zone," and "cryptocurrency market sentiment." Anchor text for possible backlinks (like Glassnode and Cointelegraph) also makes the article more optimization-ready.
