Bitcoin has stabilized at 1.27 per MVRV, indicating moderate growth with potential for further upside.

Net realized gains have fallen from $10B to $3B, reducing selling pressure. This means that long-term holders have already realized most of their gains and are ready for new increases.

The 90-day oscillator shows a balance between buying and selling, indicating the possibility of price growth in the short term.

Demand has increased due to ETFs and MicroStrategy purchases, which supports optimistic sentiment. US reserves and purchases by mining companies like MARA add confidence.

The year is ending quietly but positively. The market is healthy, but needs a correction for further growth.