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- Bitcoin’s price stagnated at $95,000 as rising whale transfers signaled potential selling pressure.
- Increasing MVRV ratio and active address growth suggested optimism despite uncertainty.
Bitcoin [BTC] has continued to hover around the $95,000 price level, with its movement restrained over the past few weeks.
Despite attempts by bears to push the price below this psychological threshold, Bitcoin has maintained its position, displaying resilience but limited upward momentum.
Over the past week, BTC has recorded a modest increase of 1.1%, while in the last 24 hours, it has seen a slight dip of 0.4%, trading at $95,463 at the time of writing.
The stagnation in Bitcoin’s price has prompted analysts to examine underlying market dynamics.
A CryptoQuant analyst, Onatt, highlighted a notable trend in whale activity post the U.S. presidential election, where Donald Trump secured a win.
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