Bitcoin falls below $98,000, short-term funds fleeing, is the next big rebound on the verge of happening?
The market has been turbulent for a week, with short-term holders' MVRV dropping from the high of $98,000, and short-term funds are taking profits. Is smart money retreating, or preparing for a more intense surge?
Currently, Bitcoin is in a critical game stage; whether the selling tide can be digested by the market determines the next trend. If STH MVRV falls below 1.0, a local bottom may form, at which point an excellent entry opportunity will arise.
