According to Glassnode's report, if the market declines further, Bitcoin may drop to below the $88,000 range and then continue towards the $100,000 threshold. The report highlights a key 'gap' as the rapid rise of BTC has resulted in little trading activity between $76,000 and $88,000, creating an undeveloped price range that could attract market attention if the current pullback continues. However, this price behavior is natural during the price discovery phase, which typically involves cycles of rising, correcting, and consolidating to establish a stable price range. Observing supply distribution during the price discovery phase is crucial for revealing demand and supply areas that may affect Bitcoin's trajectory.

Earlier today, news emerged that Standard Chartered analysts indicated that BTC may consolidate in the $85,000 to $88,700 range before moving upwards.#市场波动，加仓还是观望？ $BTC