📣Hey #CryptoTwitter!🚀
BTC's price recovery might be just around the corner!🔜📈
Why?🤔
- Bitfinex's weekly report hints at slowing selling pressure from short-term holders.🐻📉
- The Exchange Whale Ratio is stabilizing, indicating whales might be done distributing their supply.🐋💰
- The Market Value to Realized Value (MVRV) ratio for short-term holders is in the 0.9 to 1 range, often seen during bull market corrections.🐂📊
- The short-term holder MVRV ratio is at 0.96, a level that often precedes a market recovery.🔄📈
Even the Bitcoin Fundamental Index (BFI), which evaluates network health, is at an inflection point.🔝🌐
So, are we ready for a BTC price recovery?🚀💸
Share your thoughts below!👇🗨️
#Bitcoin #DeFi #CryptoNews