#Bitcoin Market Observation 🧐

Although Bitcoin may face a short-term correction, its MVRV indicator shows strong long-term potential! 📈 The current MVRV-Z score is 2.84, below the historical undervaluation threshold of 3.7, which may indicate a potential recovery in the coming weeks.

The fundamentals are also bright: the circulating supply of BTC has dropped to a multi-year low, and investors are more inclined to self-custody wallets, while the market capitalization of stablecoins has also increased significantly.

Do you think Bitcoin can continue to rise in the future? Feel free to share your thoughts in the comments!