On-Chain Data Flashes Bullish: Is Bitcoin Ready for a $110K Comeback? 📈
Bitcoin is experiencing a resurgence, gaining 1.6% in the last 24 hours to trade at $107,428. Despite a recent dip, it remains just below its all-time high of $111,000.
On-chain metrics analyzed by CryptoQuant's Amr Taha suggest continued bullishness, with indicators like the Binance Taker Buy/Sell Ratio and Long-Term Holder Realized Cap signaling strong buyer conviction and accumulation.
Stablecoin inflows into Binance further support a potential price uptick, indicating readiness for asset purchases, enhancing the optimism for Bitcoin's trajectory.
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