Bitcoin Nears $112K Amid Rising Bullish Sentiment and Potential Volatility Risks 🚀
Bitcoin's retail optimism is soaring, with social sentiment reaching its highest point in seven months. This indicates a robust bullish momentum as Bitcoin approaches its all-time price levels. The surge is backed by key on-chain metrics which include the Market Value to Realized Value (MVRV) Ratio and Exchange Reserves. These indicators suggest sustained investor confidence and highlight potential risks of volatility in the near future.
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