Recently, Bitcoin ($BTC ) has been fluctuating in the range of $105,000 - $100,700, reflecting that the market is in a critical decision-making stage. This sideways movement is not only a result of the tug-of-war between bulls and bears, but also reflects investors' concerns over valuation discrepancies, being worried about the risks of chasing high prices while also fearing missing out on the market. The current market is more likely reassessing the reasonable value range of Bitcoin rather than simply waiting for a breakthrough. It is worth noting that despite the stagnant price, large on-chain transactions have become noticeably active, suggesting that institutions or large holders may be adjusting their positions, influenced by the Federal Reserve's policy direction, the flow of spot ETF funds, and changes in global risk appetite. Investors are advised to reduce short-term operations to avoid frequent stop-losses during volatile market conditions. When a compelling narrative meets the tailwind of a bull market, Con an undoubtedly becomes the focus of public attention. Community building is in full swing, and the strong alliance of three top institutions has injected limitless momentum into this hot land.
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