🚀 Bitcoin remains the center of attention! After an impressive rise from under $70,000 to nearly $100,000, BTC experienced a correction, dropping $6,000 in hours. CryptoQuant analysts warn that this drop was foreseeable, with short-term holders taking profits.
🔍 However, on-chain data suggests that the bull market is still active. Metrics like MVRV and NUPL indicate growth potential. Additionally, whales continue to accumulate, withdrawing $86.4M in BTC from Binance.
What do you think about this volatility? Comment below!