Bitcoin Market Dynamic Update! 📈 Despite potential pullbacks in the near term, the future of Bitcoin remains hopeful! According to CoinGlass data, Bitcoin's MVRV metric shows its price is undervalued, with the MVRV-Z score dropping from 3.3 last week to 2.84; historically, a score below 3.7 usually indicates undervaluation. 📊

Additionally, Bitcoin's fundamentals remain strong, with the circulating supply of BTC dropping to a multi-year low, and more investors opting for self-custody wallets. The market cap of stablecoins has also increased from $122 billion last year to nearly $210 billion, providing potential support for Bitcoin. 💪

Bitcoin's annual inflation rate is also declining, which undoubtedly adds confidence to its long-term growth! 🚀