Is Bitcoin’s ‘supercycle’ still achievable as on-chain indicators signal red?

Bitcoin’s price dipped to about 90,000 USD after peaking at 97,000 USD. Institutional selling is evidenced by $1.8 billion in ETF outflows, raising concerns among investors.

Notably, industry leaders like Binance’s CEO CZ predict Bitcoin could reach 215,000 USD by the end of 2026, despite indications of bearish momentum in the market.