Bitcoin shows signs of bullish potential with whale deposits down by 2.25 billion USD and stablecoin inflows of 1.7 billion USD, suggesting institutional accumulation as STH MVRV hovers around 1.15, indicating room for price growth.
Despite these positive on-chain metrics, market sentiment remains bearish with a weighted sentiment of -0.226. This suggests disconnection between market fundamentals and retail interest, indicating that BTC may rally without widespread retail support.
Leave a Reply