Bitcoin's value dropped significantly after US President Donald Trump's announcement on tariffs, reflecting widespread crypto market volatility.
Investors Dump Millions in BTC
According to Santiment, wallets holding 10 or more BTC have offloaded 6,813 BTC recently, the largest drop since July, coinciding with a 16% price decline. Historically, large holders' accumulation has signaled potential price recoveries, making future buying patterns a key indicator for traders.
MVRV Data Suggests Otherwise
Despite short-term uncertainty, Assure DeFi CEO Chapo remains bullish on Bitcoin, focusing on the Market Value to Realized Value (MVRV) Ratio. Currently at 2.09, it suggests Bitcoin holders have more than doubled their investment. Chapo predicts a peak MVRV of 3.2 this cycle, indicating a bullish trend until 2025.
Factors Influencing Bitcoin's Price
Bitcoin and other risk assets continue to face pressure from factors like ETF outflows and market volatility, with experts predicting a potential drop to $70,000.
Experts have varying interpretations of current data, with some anticipating declines while others foresee a bullish market ahead. Attention should be given to MVRV and the behavior of significant holders.
