Bitcoin is trading at 116,228 USD, reflecting a decline of 1.84%. Despite the downward trend, signs of easing miner stress and favorable funding rates may indicate an accumulation opportunity.
The Hash Ribbons indicator suggests that past bullish phases often follow miner capitulation. A decrease in the Stock-to-Flow Ratio highlights potential weakening in scarcity dynamics, raising questions about long-term valuations.
Positive funding rates indicate that traders maintain optimism in the market. Consequently, despite recent profit-taking by long-term holders, the potential for a BTC rebound exists if buyers support key price levels.
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