Bitcoin recovers above $97K – Is THIS group influencing BTC’s trends?

AMB Crypto 8 months ago 188

Journalist

Posted: February 11, 2025

Bitcoin’s price rebounds above $97,000, rising 2.3% after dropping to $94,000.
A shift in the MVRV ratio and dormant coin movement may indicate long-term holders are influencing market trends.

Bitcoin [BTC ($106,077.00)] has experienced a noteworthy shift in momentum after a steady decline last week brought its price as low as $94,000.

In the early hours of the 10th of February, BTC began to recover, with its price climbing above $97,000—a 2.3% increase over the previous day.

While this upward movement is a positive development, a deeper analysis of the network’s underlying metrics sheds light on the potential future direction for the leading cryptocurrency.

A recent analysis from CryptoQuant highlighted a signi...

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