🚀 Bitcoin enthusiasts, rejoice! BTC has just smashed through the $94,040 mark, setting a new all-time high! As the leading cryptocurrency continues its parabolic ascent, investors are buzzing with excitement and a touch of caution.
🔍 CryptoQuant's on-chain analysis suggests keeping an eye on key metrics like the MVRV Ratio and the Crypto Fear & Greed Index. With the MVRV Ratio currently at 2.5, there's still room for growth, but caution is advised as the Fear & Greed Index hits 83, indicating extreme greed.
📈 Long-term holders might soon start selling, so watch the Coin Days Destroyed metric and Realized Cap Growth for signs of a market top. Stay informed and enjoy the ride!