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As the market evolves, it remains vital to monitor the behavior of long-term Bitcoin holders. Indicators such as the Median Value of Coin Days Destroyed (MVC) signal when holders may start selling, typically aligning with market tops. Understanding these trends can provide valuable signals for traders considering their positions in Bitcoin.
Current metrics suggest a crossroads—Bitcoin is exploring significant resistance levels around $111,000 to $112,500. With institutional players continuing strong accumulation, the potential for breaking these resistance levels exists, although one must weigh the risk of significant downward corrections.