opinion

Bitcoin is in a spot-driven bull market with a healthy correction on the MVRV metric

"Based on the current Bitcoin MVRV (realized value to market value) ratio, it's not surprising to see a pause in the bull run," said Checkmate (@checkmatey), principal analyst at on-chain analytics firm Glassnode, via X. "Long-term holders of BTC have begun to sell off near the $20,000 highs. "Long-term BTC holders started selling at the all-time highs around $69,000. They sold $7.35 million worth of BTC, 60% of which was GBTC. When long-term holders take profits, BTC's realized value reshapes. This is a measure of capital inflows. The current cycle represents the most robust spot-driven bull market in history." On CoinMarketCap, BTC is up 4.42% to $68,171.08.

Bitcoin recovers $64,000 price after 42-day Bitcoin correction, absorbing more than $3 billion in selling pressure

BTC has regained $64,000, according to Coinness Market Monitor. On the Binance USDT market, BTC is trading at $64,102.48. "Bitcoin has completed a 25.6% correction that lasted 42 days," an anonymous crypto trader, Rekt Capital, told X. "It's been a long

blockchain crypto cryptocurrency Altcoins have topped out (SpotedCrypto)

Andrew Kang: "Altcoins have topped out, except for some memes"

As Andrew Kang, co-founder of crypto investment firm Mechanism Capital, recently told X, "A common mistake crypto investors make is buying too quickly when an uptrend turns down. The correction is longer and deeper than most people expect. When the majority are liquidating and questioning that crypto is dead,

blockchain crypto cryptocurrency michael saylor btc rise to 10m (Spoted Crypto)

Michael Saylor "BTC to rise to $10 million"

Michael Saylor, founder of MicroStrategy, which holds the most Bitcoin by a single company, said in a YouTube podcast that "Bitcoin will go to $10 million". "BTC is the perfect money, it's economically immortal. Economics is a quasi-religious humanities discipline, full of people's

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