Bitcoin Sees Profit-Taking Around $70K Amid ‘Stubbornly Bullish’ Sentiment
On-chain data shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset. Bitcoin price dipped to $69,200 amidst profit-taking and broader U.S. stock market movements.
Despite negative news, sentiment remains bullish due to long-term holder conviction and anticipation of further spot ETF approvals.
