Bitcoin is experiencing a temporary stagnation as it enters 2025. After surpassing the $108,000 mark, the price has corrected, raising concerns about a prolonged stagnation. However, analysis from CryptoQuant indicates that the market is still in a growth cycle. 📈

The adjusted SOPR and MPI data both show a downtrend, but there are no signs of mass Bitcoin being moved to exchanges. This indicates that miners are still holding their assets, only selling when necessary for operational costs.

Buying pressure from U.S. institutions, especially through Coinbase, remains strong. However, the daily premium on Coinbase is at a low level and needs to recover to support the next price increase. 🏦