$BTC $XRP After a sharp correction in the cryptocurrency market last week, the price of Bitcoin dropped by about 4% to reach its lowest level in several weeks at around $112,000. The price decline sparked reactions, including a warning from Arthur Hayes, co-founder of the BitMEX platform, who indicated further decline to the $100,000 range.

However, Maxim Sakharov, CEO of WeFi, described the decline as a natural correction after the recent strong growth and saw it as an opportunity for the market to regain its strength.

Meanwhile, the price of Ripple (XRP) outperformed other assets in the market, rising by over 5% in the past 24 hours, once again surpassing the $3 level.

According to the CryptoQuant analytics platform, chain indicators, including NUPL, remain positive, indicating that Bitcoin is profitable for investors. Additionally, entities that continue to accumulate Bitcoin without selling have added an average of 50,000 units to their holdings over the past month.

The chart showing clear demand for Bitcoin also indicates that over 160,000 BTC units have been absorbed by long-term holders over the past thirty days, which analysts see as a sign of ongoing structural confidence in the asset. #ProjectCrypto #BinanceHODLerTOWNS