After peaking above $123,000 in mid-July, Bitcoin (BTC) has slipped into a state of indecision, now trading in what on-chain analysts at Glassnode call a “low-liquidity air gap. ” Analysts at QCP Capital also noted that investors are recalibrating expectations around global growth and liquidity. Between the Peaks, Bitcoin’s Air Gap Signals a Market on Edge Bitcoin’s post-all-time high correction has driven the BTC price below the $116,000 support level. On the one hand, short-term holders are rattled, while on the other, opportunistic buyers are unable, at least so far, to reclaim the cost basis of recent top buyers
source: https://beincrypto.com/bitcoin-trapped-in-low-liquidity-air-gap/