Bitcoin Dips Below $113K: Bargain Hunters Emerge as Ethereum Outperforms

Bitcoin’s price has dipped below $113,000, prompting opportunistic buying from bargain hunters as market sentiment shifts. Data from blockchain analytics firms Glassnode and Cryptoquant suggest a mixed picture of investor behavior, with opportunistic buying balancing profit-taking and whale activity. Large holders are contributing to the recent dip, but overall, investors remain cautious with less than clear signals on future price direction.