Bitcoin may struggle to reclaim its record high in the short term, as profit-taking pressures intensify despite strong whale accumulation, according to recent analysis. Santiment, a leading on-chain analytics platform, reported on Monday that Bitcoin’s Market Value to Realized Value, MVRV, ratio currently stands at plus 21 percent. The metric indicates that the average Bitcoin […]Bitcoin may struggle to reclaim its record high in the short term, as profit-taking pressures intensify despite strong whale accumulation, according to recent analysis. Santiment, a leading on-chain analytics platform, reported on Monday that Bitcoin’s Market Value to Realized Value, MVRV, ratio currently stands at plus 21 percent. The metric indicates that the average Bitcoin […]
Bitcoin Price Nears Profit-Taking Zone With $2.2B in Shorts at Risk, Analysts Say
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Bitcoin may struggle to reclaim its record high in the short term, as profit-taking pressures intensify despite strong whale accumulation, according to recent analysis. Santiment, a leading on-chain analytics platform, reported on Monday that Bitcoin’s Market Value to Realized Value, MVRV, ratio currently stands at plus 21 percent. The metric indicates that the average Bitcoin […]
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