Conflicting reports reveal a White House proposal aiming to delay taxation on mining rewards alongside a Glassnode analysis showing Bitcoin consolidating in a thin-liquidity band, highlighting both policy and market technical challenges.
Recent reports present divergent Bitcoin developments: a White House proposal recommends taxing mining rewards upon sale to ease miner burdens and suggests a strategic reserve using confiscated assets, while a Glassnode report details Bitcoin consolidating in a low-liquidity air gap between $110,000 and $116,000, with signs of accumulation and resistance near $116,900. ETF outflows and cooling derivatives funding further underscore the market's cautious stance.