Bitcoin recently surpassed the $90,000 mark, prompting long-term holders to take profits. This trend, noted by analysts, could stabilize the market while paving the way for new increases, supported by ongoing demand and the absorption of sales by Bitcoin ETFs.
Analysis of MVRV and Bitcoin Danger Zones
A few days ago, Bitcoin reached $90,000, establishing a new significant record for the crypto. According to recent analysis, we have reached an initial safe zone for long-term holders. Additionally, the MVRV (Market Value to Realized Value) indicator, which is used to evaluate whether an asset is overvalued or undervalued, shows that the profits realized by long-term BTC holders are not yet at extreme levels, suggesting that selling pressure is not at its maximum yet.Thus, taking profits by long-term holders at $90,000 is not seen as a threat to the market. In fact, it could even help stabilize the market by preventing massive and sudden sales. Furthermore, Bitcoin ETFs play a crucial role in absorbing selling pressure, which helps maintain price stability.
Future Perspectives
Analysts remain optimistic about Bitcoin’s future. Some foresee that BTC could reach $100,000 by the end of the year, supported by ongoing demand and growing adoption. However, it is essential to monitor indicators like MVRV to assess potential risks and opportunities in the market.
In summary, taking profits by long-term holders at $90,000 could stabilize the Bitcoin market. With the absorption of sales by ETFs and ongoing demand, BTC is well-positioned for future increases while maintaining a balance in the market.
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Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs décontractés à la fois.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
