๐ก Bull Market โNot Overโ as BTC Recovers Above $112K
Key Takeaways:
๐ Bitcoin rebounded to $112,293 after last weekโs steep sell-off.
๐ XWIN Research Japan: On-chain data confirms the bull market is still intact.
๐งฎ MVRV ratio at 2 โ signals consolidation, not capitulation.
๐ฅ Over $4B in crypto longs liquidated during the crash.
๐ Fear & Greed Index back to Neutral (50) after dipping to Fear (28).
Market Recap:
BTC bounced back early Monday, climbing above $112K after dipping to $109K last week โ a drop that triggered two waves of liquidations. Despite the turbulence, analysts stress the bull market remains healthy, with long-term holders reducing supply and profit-taking slowing down.
XWIN Insights:
Current price action mirrors past consolidation zones before major expansions.
Supply squeeze from long-term holders supports the case for renewed demand.
Outlook:
With sentiment stabilizing and BTC holding above key support, the setup points toward resilience, not reversal. The $115K zone remains the critical level to watch for confirmation of the next leg higher.
#BTC #CryptoMarkets #Bitcoin #Uptober
