Bitcoin retreated from record highs to $107,000 in a healthy consolidation, but NYDIG’s latest analysis reveals the market remains far from bubble territory despite its meteoric rise.
Key Insights from NYDIG:
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No Overheating Signals: On-chain metrics show none of the classic parabolic tops seen in past cycles
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Institutional Demand Intact: ETF flows remain robust, with no mass profit-taking
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Historical Precedent: Similar pullbacks in 2024 preceded fresh 30%+ rallies
Why This Matters:
The dip represents normal volatility in Bitcoin’s march toward price discovery, with analysts pointing to $120K as the next psychological target if key support holds.
📉 Healthy Correction or Warning Sign? Share your take below!
