Bitcoin demand momentum rebounds

The demand momentum for Bitcoin has significantly rebounded recently, reflecting that market sentiment is recovering from earlier weakness. Although the comprehensive demand indicator (which includes selling pressure) is still in negative territory, the pace of recovery is quite rapid, indicating that bullish funds are gradually regaining dominance. This phenomenon highlights that core investors in spot BTC are still actively entering the market, and strategic positioning is overwhelming short-term selling pressure. This underlying demand recovery provides a solid support foundation for Bitcoin and keeps investors optimistic about the price trend in the coming weeks.

Technical indicators show potential profit points.

According to research by on-chain data analyst Axel Adler Jr., investors may wait until a clear technical threshold before considering large-scale profit-taking. He points out that when the MVRV (Market Value to Realized Value ratio) reaches 2.75, it is usually the first major profit-taking point in the market. This indicator assesses whether an asset is overvalued by comparing the current total market value of Bitcoin with the average cost of all coin holders.

(Source: AxelAdlerJr)

According to the current market data, if the MVRV reaches this level, the Bitcoin price will approach $130,900, which is still about 17% higher than the current price. From a technical and historical perspective, there is still room for further upward movement in the market.

Summary

Although fluctuations may still occur in the short term, based on the comprehensive on-chain data and technical indicators, Bitcoin is brewing the foundational momentum for the next wave of upward movement. Combined with the active buying in the spot market, the involvement of strategic funds, and clear technical target prices, the rising potential of BTC cannot be underestimated. If the market continues to develop along this path, the target price of $130,900 may become the next reality.