Data: glassnode: Bitcoin is approaching a tipping point, with $114,000 as the bull-bear dividing line

ChainCatcher News, glassnode published a market opinion stating that all current short-term annualized Realized Volatility indicators for bitcoin have dropped to around 30% or below, marking a low volatility range since the bottom at $107,000. Such calm rarely lasts, and a surge in volatility often follows. The market is approaching a breakout point, and momentum is about to shift.

Market momentum can be assessed from multiple perspectives—one of which is the capital inflow from realized profits (30-day moving average). Currently, this figure stands at $1.17 billion per day, down about 47% from the June peak of $2.2 billion, but still above the bear market baseline ($800 million). Momentum is weakening, and the balance is becoming fragile. The net inflow of US spot ETF (90-day moving average) also shows a similar trend. This indicates a significant decline in TradFi buy-side momentum, suggesting that institutional demand is weakening.

However, the drop to $107,000 triggered panic selling by top buyers, laying the typical foundation for a market rebound. In the short term, bitcoin may rebound to $114,000, but as long as the price remains below this level, the overall trend tends to remain bearish.