As the market continues to consolidate, the Bitcoin group returns to net selling

Glassnode data shows that all wallet groups have turned into net selling of Bitcoin, and the cumulative trend scores for all balance groups (from less than 1 BTC to over 10,000 BTC) are close to zero, indicating that the market is spreading. Previously, Bitcoin had a brief accumulation during last week's rebound. Recently, Bitcoin trading price was close to $117,000 supported by Asian trading sessions, which pushed Bitcoin to rise 10% in three months, while European trading sessions saw a pullback, with Bitcoin price falling by more than 10% in the EU market during the same period. The market is still in a consolidation state, with $107,000 likely being the near-term support level.