After reaching a high of 109,000 USD, Bitcoin’s price has dipped below 100,000 USD, currently at 99,986 USD, a decrease of 7.9%.
Long-term holders are not selling, indicating a shift in market dynamics and a potential shift towards new cycles despite the current price correction.
The MVRV ratio, reflecting investor sentiment, has increased, suggesting a positive outlook for recovery, although a slight pullback also indicates the market may be stabilizing.
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