$BTC MVRV and SOPR both sit above 1.0.
That means short-term holders are in profit and selling into strength, not panic.
The STH cost basis is 74,000. Price is above it. This is the same level
highlighted in prior analysis.
As long as 74,000 holds, the on-chain structure favors continuation.
The order book shows 76 percent bid dominance. The largest bid at
77,532 carries 3.36 BTC. Cumulative bids exceed 20 BTC down to
77,530. Asks are thin. Buyers are absorbing supply passively.
Support is 76,900 and 74,000. Resistance is 78,581 and 80,000. The
setup is long with a stop below 76,900. First target 78,581. Second target 80,000.
On-chain data, order flow, and structure all point the same direction. The trend is intact until 74,000 breaks.
#BTC #MVRV #SOPR $KAT $DEGO