Despite dropping 2.12% in the past seven days, Bitcoin (BTC) has not reached a peak and could see further growth, according to CryptoQuant. The analytics platform emphasizes that on-chain metrics indicate that the market is still bullish, even as prices fell below $110,000. CryptoQuant points out that fewer Bitcoin are being held on exchanges, suggesting investor confidence rather than a sell-off. This lack of selling pressure indicates potential for continued growth. Furthermore, long-term holders continue to accumulate Bitcoin, while its Market Value to Realized Value (MVRV) remains below 3.6, indicating room for further price gains before hitting peak market levels. Miners are also largely holding off on selling, suggesting confidence in future price increases.