Key control:
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The price of Bitcoin recovers $ 110,000, but the bearish pressure persists.
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BTC must turn the area of ​​$ 110,500- $ 112,000 in a new support to avoid deeper correction around $ 100,000.
The price of Bitcoin (BTC) increased on Tuesday, increasing 2.4% in the last 24 hours to operate above $ 110,000. Even so, while some indicators pointed to a local fund, other metrics suggested that the BTC market structure remained “fragile,” according to Glassnode.
Bitcoin merchants adopt “defensive posture”
Bitcoin’s specific demand was submitted during the past week, with a negotiation volume falling to $ 7.7 billion of $ 8.5 billion, a 9%decrease, as shown in Glassnode data.
The decrease in the spot volume “indicates the participation of investors that decrease,” said the market intelligence firm in its latest weekly market pulse report, and added that the lowest volumes reflect the “weakest conviction” among merchants.
While the cumulative volume Spot Delta (CVD) has improved slightly, which indicates to relieve the sale pressure, “the general metrics of spots point to a fragile demand,” Glassnode added.
The futures market showed cautious positioning, with future open interest (OI) decreasing to $ 45 billion of $ 45.8 billion. This suggested moderate relaxation of positions and a change towards risk behavior, since merchants showed a reduced demand for leverage after the reduction of historical maximums.
Future financing rates fell to $ 2.8 billion of $ 3.8 billion, indicating less demand for long exposure and lack of will to pay higher premiums to maintain open positions.
Glasnode said:
“Merchants seem less willing to extend the risk, underlining a defensive posture after recent volatility.”
As Cointegraph reported, Bitcoin’s institutional investors were going back, and demand was submerged at its lowest level since the beginning of April.
Bitcoin pricing key levels to see
Bitcoin bounced on the lower limit of the descending parallel channel to $ 107,300 on Monday, increasing 2.45% to the current levels of around $ 110,000.
The price was fighting the resistance from the upper limit of the channel to $ 110,500. A closed daily candlestick above this level would indicate a possible rupture of the bearish trend, with the next barrier in the liquidity zone of $ 110,000- $ 117,000, where both the simple mobile average (SMA) of 50 days and the 100-day SMA.
Bulls must exceed the price of BTC above this area to increase the possibilities of a recovery towards the new maximums of all time.
The average channel limit at $ 108,000 and the minimum of Monday around $ 107,300 were immediate support levels to see in the inconvenience.
Under that, the lower channel limit at $ 105,300 provided a last line of defense, which, if it is lost, would probably trigger a fall towards the key support level at $ 100,000.
The founder of MN Capital, Michael Van de Poppe, said that a “clear rest” was needed above $ 112,000 to take BTC to new maximums of all time.
“Otherwise, I would be looking for $ 103kish for a great opportunity.”
The area remains the same for $ BTC.
If we can clearly break $ 112K, we will be in a new ATH.
Otherwise, I would be looking for $ 103kish for a great opportunity.
Interestingly, gold has not yet made a new ATH.
When Bitcoin? pic.twitter.com/jdruy5ba8o
– Michaël van de Poppe (@Cryptomichnl) September 2, 2025
Meanwhile, Bitcoin’s liquidity map revealed significant liquidity groups between $ 110,000 and $ 111,000 per rise, and $ 105,500- $ 107,000 below the spot price.
Merchants must be attentive to those areas, since they often act as local areas and/or magnets when the price is approaching.
Bitcoin is in a “liquidity search,” said Alphabtc analyst in a Tuesday publication in X, adding:
“It seems that they come to that large group of 110k-11k shorts, then they probably run again the minimum of Monday and the lengths from the weekend.”
As Cointegraph reported, Bitcoin needs to quickly recover the EMA of 20 days at $ 112,500; Otherwise, the possibility of a fall to $ 105,000 will increase and then to $ 100,000.
This article does not contain advice or investment recommendations. Each investment and negotiation movement implies risk, and readers must carry out their own research by making a decision.
