Glassnode: If Bitcoin falls below $104,000, it could trigger a price dip to between $93,000 and $95,000.

PANews September 4 news, according to Glassnode analysis, investors are actively accumulating in the “blank zone” of Bitcoin between $108,000 and $116,000, reflecting constructive behavior of buying pullbacks, but there are still risks of further contraction in the short term. If it breaks through $114,000 to $116,000, it will reignite the upward trend; conversely, if it falls below $104,000, it may trigger a price dip to $93,000 to $95,000. The profit rate for short-term holders rebounded from 42% to 60%, but the market remains in a fragile state, needing to continuously rise to $114,000 to $116,000 to strengthen market confidence. Additionally, the funding rate in the futures market is neutral but faces the risk of weakened demand, and ETF fund inflows have also significantly slowed. Previously, Bitcoin ETF fund inflows were primarily driven by directional spot demand, while Ethereum showed a mixed pattern of spot demand and arbitrage strategies.