A structural reset is happening in Bitcoin’s on-chain metrics, indicating a reduction in speculative excess and a shift towards more neutral positioning. Key indicators like MVRV ratio, SOPR, and Sell-Side Risk Ratio are returning to historical levels, suggesting reduced investor euphoria and consolidation near cost basis. The market is consolidating, with resistance around $93,000 to $95,000. Long-Term Holders are increasing their holdings, but there may be sell-side pressure if Bitcoin reaches $95,000 to $100,000. Holding above critical technical levels is important for stability. The market has transitioned from a volatile correction to a stabilizing phase, potentially setting the stage for the next sustained market move.

Leave a Reply