Bitcoin Faces Calm in Market as Short-Term Holders Hold Steady

Bitcoin (BTC) continues to navigate a period of market consolidation after dropping below the $120,000 price point. This decline is fueled by capital exits and a lack of strong speculative pressure. Currently, traders are observing these crucial levels as Bitcoin appears to lose steam following multiple rejections at cycle highs. The market shows no clear trend of short-term or long-term buying activity. However, the coin’s current price hovers near $115,000, with bearish momentum challenging key support zones.