Glassnode: BTC is experiencing concentrated dumping in the range of $109,000 to $115,000, and the recent rise is being used for hedging operations.

According to Mars Finance, Glassnode stated on social media that the net premium flow of BTC shows concentrated selling in the price range of $109,000 to $115,000, indicating that the recent price rise is being used for hedging operations. This suggests that traders are adopting defensive positioning strategies during the market consolidation, utilizing the price strength for risk management.

BTC2.21%
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