đš Bitcoin Rebounds Above $112K â Bull Market Still Alive? đš
After last weekâs brutal crash that wiped out $4B in crypto longs, Bitcoin has bounced back to $112,293 â calming fears of a deeper breakdown. đ
đ Key Points:
XWIN Research Japan says on-chain data confirms the bull market is ânot over.â
MVRV ratio at 2 â signals healthy consolidation, not capitulation.
Long-term holders slowing profit-taking = supply tightening.
Fear & Greed Index back to Neutral (50) from last weekâs Fear (28).
Analysts argue BTC is simply in a digestion phase, much like past cycles before explosive rallies. đ„
đ The question now: Is this bounce the setup for Bitcoinâs next leg up?
#Bitcoin #BTC #CryptoMarkets #BullMarket #OnChain
---
Want me to also create a chart-style breakdown post (with visuals/metrics: price, MVRV, liquidations, sentiment) for easy social media sharing?