Data: The key support level for Bitcoin is around $117,000, with approximately 190,000 BTC bought at this price level

ChainCatcher message, Glassnode posted on social media that the cost distribution of Bitcoin shows weak support in the range of $121,000 to $120,000, while there is a key accumulation zone around $117,000, where approximately 190,000 BTC were bought at that price level. If the price retraces to this level, recent buyers may actively defend this support zone, leading to new buying demand.