$BTC is currently trading in the ballpark of US $100,000–106,000 after a recent pull-back from its all-time highs (~US $125,000).
On-chain and off-chain data indicate a market in consolidation, rather than strong directional momentum: “Both on-chain and off-chain signals portray a market in a state of consolidation.”
According to a recent note by JPMorgan, significant deleveraging in futures markets has already taken place, and Bitcoin now appears more undervalued relative to gold on a risk-adjusted basis, suggesting potential for upside.
BTC
75,212.55
-0.76%
BTCDOMUSDT
دائم
5,297.4
-0.04%