๐ฃHey #CryptoTwitter!๐
BTC's price recovery might be just around the corner!๐๐
Why?๐ค
- Bitfinex's weekly report hints at slowing selling pressure from short-term holders.๐ป๐
- The Exchange Whale Ratio is stabilizing, indicating whales might be done distributing their supply.๐๐ฐ
- The Market Value to Realized Value (MVRV) ratio for short-term holders is in the 0.9 to 1 range, often seen during bull market corrections.๐๐
- The short-term holder MVRV ratio is at 0.96, a level that often precedes a market recovery.๐๐
Even the Bitcoin Fundamental Index (BFI), which evaluates network health, is at an inflection point.๐๐
So, are we ready for a BTC price recovery?๐๐ธ
Share your thoughts below!๐๐จ๏ธ
#Bitcoin #DeFi #CryptoNews