Bitcoin bulls start Memorial Day blitz on $110K -- Will spot follow when US markets open?

Key takeaways: Bitcoin price is capped at the $110,000 level due to sellers and a decrease in spot volumes. Leverage use is driving current rallies into this resistance level. Traders are watching today’s volumes to see if an emerging intra-day trends are followed at the US open on May 27. Bitcoin (BTC) price staged a mild recovery over the weekend, but gains above $110,000 are being capped by selling. Data from Glassnode shows “net distribution” (selling) from the cohort holding more than...