Bitcoin has demonstrated notable resilience, rebounding to $107,000 after briefly dipping to $99,000 during recent geopolitical tensions. The swift recovery highlights a strong technical support level holding around $98,300.
Market analytics indicate sustained investor profitability, with Glassnode data revealing approximately $1.2 trillion in unrealized Bitcoin profits. The Market Value to Realized Value (MVRV) ratio stands at 125%, reflecting significant paper gains across the market despite a decline in daily realized profits to roughly $872 million—below previous cycle peaks.
Long-Term Holder supply reached an all-time high of 14.7 million BTC as investor conviction strengthened. Concurrently, the Sell-Side Risk Ratio remains low, signaling diminished selling pressure from both Short- and Long-Term Holder cohorts.
Institutional demand continues to provide market support, with U.S. Spot Bitcoin ETFs averaging $298 million in net inflows over seven consecutive trading days. These sustained inflows help maintain equilibrium by counterbalancing potential sell-side activity.