CryptoQuant analyst MAC_D highlights the current dip in Bitcoin as a prime accumulation opportunity. With short-term SOPR at 0.987, short-term investors are selling at a loss, creating potential opportunities for long-term investors. Historical trends show that these situations often precede upward market trends.
Despite the recent decline, Bitcoin’s market remains on a long-term upward trend according to metrics like MVRV and NUPL. Currently priced at 93,500 USD, down from a recent HIGH of 103,000 USD, this dip may not indicate a peak but offers a discounted buying opportunity amid the bearish sentiment.
Leave a Reply