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📉 Bitcoin fell from $124K to ~$111K, causing many to fear that it has reached the peak of the cycle. However, on-chain data shows otherwise:
🔹 30/30 cycle peak indicators remain neutral → no overheating signals like previous peaks.
🔹 New investors ( hold <1 month ) lost ~-3.5% and sold off, while Short-Term Holders ( 1–6 months ) still profit ~+4.5% → BTC is moving from weak hands to strong hands.
🔹 $70M long position liquidated, OI falls sharply → leverage is shaken off, the market is healthier.
🔹 Holding above the 20-week EMA ($108K) = opportunity to return to $125K and target $150K.
👉 $124K is not the peak yet, this is just a shakeout in the bull run.
#Bitcoin BTC #Crypto BullRun