The price trend of Bitcoin shows increasingly evident regional differentiation, with the Asia-Pacific trading session absorbing some of the declines and recording a slight increase, while the US and European trading sessions brought most of the downward pressure. However, Glassnode's on-chain data indicates that the market is currently in a consolidation phase, with accumulation trend scores showing neutral to slightly distributive, rather than strong buying pressure. This suggests that the current stability stems from selective absorption of declines, rather than a long-term accumulation restart, which may lead to Bitcoin maintaining range-bound fluctuations in the short term.