– Bitcoin faces “mild danger zone” as investors consider profit-taking, with MVRV ratio at +21% indicating recent buyers are in profit.
– Price fell 6% from $124k peak to $115,800, with 30-day decline of 1.71% despite prior 10% surge lacking macroeconomic support.
– Market awaits Fed’s Sept 17 rate decision (83.6% expect cut) while $2.2B in short positions risk liquidation if BTC hits all-time high.
– Large holders (10-10,000 BTC) continue aggressive accumulation post-record high, signaling long-term bullish confidence.
