Bitcoin Undervalued? Key Indicator Signals Profit-Taking Phase.

While Bitcoin has rallied past the $85K-$70K accumulation range to regain the $100K milestone, a key on-chain indicator suggests potential profit-taking. The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) indicates a possible shift from buying to selling pressure, signaling an upcoming phase of profit-taking by short-term holders. 📈 However, the MVRV-Z Score presents a contrasting picture, suggesting continued growth potential for Bitcoin. 📉 This suggests caution: investors may be inclined to gradually sell their holdings as prices rise, potentially leading to a correction and testing the $100K demand zone before further gains.