Bitcoin is consolidating around $116,880, maintaining support at $116,500, as traders remain cautious over a potential $9.5 trillion Federal Reserve liquidity impact. Resistance is noted at $118,000, with on-chain data showing $131.1 million in outflows, suggesting accumulation despite a neutral market sentiment. The Fear and Greed Index stands at 52, indicating market indecision. A break above $118,000 could push Bitcoin towards $120,000, while a drop below $115,600 may test support at $114,500. Market participants are closely monitoring U.S. monetary policy developments.