In Brief Long-Term Holder SOPR remains elevated, signaling major profit-taking that often precedes local tops. Whale-to-Exchange Ratio spikes mirror past corrections, with whales likely prepping to sell. BTC hovering at $117,500; break below $116,000 could trigger a drop toward $103,300 unless $122,000 is reclaimed. Bitcoin price may be holding above $117,500, but under the surface,…
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In Brief BTC has slipped from its peak of $93,495 as long-term holders cash out over $3 billion, marking the largest sell-off in 5 months. Market indicators signal potential correction, with BTC’s MVRV ratio at 182.06%, hinting the coin may be overvalued. If selling continues, the next support level near $83,983 looms, though renewed demand…
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