Bitcoin is around $86,000. New capital is flowing on-chain and trading volume is rising, while leverage has cooled off.
With MVRV at ~1.57 and SOPR at ~1, the market is neither panicking nor seeing excessive profit-taking; this suggests the rally is still in a recovery phase for now.
The whale exchange ratio is rising, so there is a risk of selling.
If #ETF and spot demand can absorb these inflows, the price could break through the $85,000 resistance and move toward the ~$90,000 region; if demand doesn't materialize, 81000 go is loading
With MVRV at ~1.57 and SOPR at ~1, the market is neither panicking nor seeing excessive profit-taking; this suggests the rally is still in a recovery phase for now.
The whale exchange ratio is rising, so there is a risk of selling.
If #ETF and spot demand can absorb these inflows, the price could break through the $85,000 resistance and move toward the ~$90,000 region; if demand doesn't materialize, 81000 go is loading