Despite Bitcoin’s recent retreat to 110,168 USD, key indicators remain neutral, suggesting that the 124,500 USD peak may not represent the cycle top. As weaker investors exit, seasoned holders seek a target of 150,000 USD, indicating a robust market outlook.
Recent data shows a capitulation phase among newer investors while long-term holders maintain their positions. The liquidation of 70 million USD in BTC longs indicates a shift towards a healthier market environment, offering prospects for recovery and sustained growth toward future highs.
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