Three scenarios of further market movement from CryptoQuant

🟢 Optimistic scenario (Bullish)

If Ratio breaks the 1.0 level and holds above, the NUPL and MVRV metrics will show new momentum. This could lead to a BTC price rise to $150-175K, similar to the 2017 and 2021 cycles.

🟠 Baseline scenario (Consolidation)

If Ratio remains in the range of 0.8-1.0, the market will continue to move in the wide corridor of $90-110K. Participants keep positions, but do not increase exposition.

🟠 Pessimistic Scenario (Correction)

If Ratio falls below 0.75, short-term holders may start taking profits, leading to a correction to $70-85K. However, given that the correction has already occurred, the first two scenarios are more likely.