Bitcoin Pullback: Healthy Onchain Data & Growth

Cryptocurrency News: Bitcoin's Resilient Performance
Amid a recent slight pullback, Bitcoin has dipped towards the $91K range while onchain indicators highlight robust market fundamentals. Despite price volatility, the year-over-year return metrics and realized price data suggest that long-term holders remain confident and that BTC is potentially undervalued.

Market Trends and Fundamental Insights
Recent analysis points out that Bitcoin’s overall health is being reinforced by strong long-term support from holders. For instance, BTC’s weekly close near $94K recorded an impressive year-over-year total return of 53%, emphasizing that even in a pullback phase, investor sentiment and onchain metrics remain positive.

Future Outlook and Opportunities
Standard Chartered’s projections indicate a bullish scenario ahead, estimating a Bitcoin price target between $110,000 and $120,000 by Q2 2025. Additionally, positive funding rates have signaled the possibility of a long squeeze down to approximately $90,500, presenting potential trading opportunities for market participants.

Concluding Thoughts
While the current scenario might appear as a price pullback, the underlying onchain fundamentals suggest that Bitcoin’s market is in a healthy position. With projections pointing towards a bullish future, investors may find this period a favorable entry point, particularly given the strong support from long-term holders.

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