๐Ÿ“ˆ **Bitcoin Market Resiliency Amidst Volatility**

The Bitcoin market continues to showcase its resilience, with recent drawdowns remaining relatively shallow compared to historical bull market trends. Short-Term Holders (STH) have seen improved positioning, as the spot price attempts to reclaim the STH cost-basis at $62.5k. Despite a significant one-day sell-off, the market rebounded to close the week at $63.5k.

๐Ÿ” **On-Chain Analysis Insights**

Key pricing levels, such as the True-Market Mean ($47k) and Active Investor Price ($52.5k), indicate a robust market, providing demand support during drawdowns. The STH cohort's profitability has improved, suggesting a positive shift in investor sentiment.

โš ๏ธ **Futures Market Speculation**

A substantial amount of Futures Open Interest remains, posing a risk of deleveraging and liquidation cascades if volatility spikes. Despite a reduction in long-biased speculation, the market remains susceptible to heightened volatility.

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