Binance Bitcoin Outflows and MVRV Ratio Point to Sustained Bullish Setup, Analyst Reveals

Description

Bitcoin (BTC) has seen a slight retreat after reaching an intraday high of $106,704. At the time of writing, the asset trades at $104,686, reflecting a mere 0.4% increase in the last 24 hours. Despite this slight pullback, BTC remains within 3.8% of its all-time high of $109,000 set in January, indicating that bullish momentum is still largely intact. Amid this price performance, data suggests that BTC’s price behavior remains supported by strategic accumulation patterns rather than short-term s...