In early February, Bitcoin was stuck in a loop between $98,900 and $93,500, each time reaching a peak above $95,000 it was pulled down. But this time it feels different.
Previously, everything revolved around macroeconomic fluctuations causing panic.
Currently, BTC has risen to $95,000 after a much stronger price surge, surpassing previous resistance levels. In short, many holders are currently in profit and have fewer reasons to withdraw.
The HODL season may have returned. Based on on-chain data, Bitcoin's Realized HODL Ratio (R-HODL) has just reached a two-month high.
