Bitcoin Stays Above $108K Amid Rising Demand and Supply Constraints, Potentially Eyeing $114K 📈
Bitcoin has stabilized at a price above $108K, driven by an increase in Realized Cap and changing supply dynamics that benefit long-term holders. This stability is supported by intensified accumulation from large-scale investors, known as whales, who are increasingly diversifying their holdings. The MVRV divergence indicates potential bullish trends, possibly setting Bitcoin on a course to reach $114K. The current market conditions suggest a favorable environment for sustained growth, although investors remain watchful of volatility.
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