The post Bitcoin bulls in control? – Not if THESE signals are right appeared on BitcoinEthereumNews.com.

Bitcoin’s MVRV Ratio rebounded off its 365-day SMA, signaling trend continuation if the support holds. Price structure remains bullish, but on-chain weakness and rising sentiment risk trend reversal. Bitcoin [BTC] has stayed resilient above its 365-day Simple Moving Average (SMA) on the MVRV Ratio—a historically reliable mid-cycle anchor. This rebound, which occurred twelve days ago, is now being closely watched as a barometer of bullish continuity. Naturally, with BTC holding above $108K, the setup signals long-term confidence, provided the ‘MVRV > SMA365’ condition holds. However, as always, conviction needs to be supported by actual on-chain participation. Price alone cannot carry the momentum. Source: CryptoQuant Are investors taking profits or positioning for more gains? Net Realized Profit/Loss (NRPL) rose by 2.27%, recording $293 million in net profits by participants. This reflects a moderate round of profit-taking, but not enough to trigger a sell-off.  In fact, such behavior is typical of mid-cycle environments. Traders are locking in gains gradually, without abandoning the broader uptrend. The absence of large-scale sell-offs shows participants still expect BTC to march higher. Source: CryptoQuant Should falling activity concern Bitcoin bulls? Here’s where the chart gets tricky. BTC’s Transaction Count dropped to 85.9K, and Network Growth dipped to 65.8K—both hovering near monthly lows, per Santiment data. These declines indicate fewer new participants and reduced on-chain interaction. While this could raise red flags, it also suggests that speculative froth has cleared.  Therefore, bulls may interpret this as a reset, not a breakdown. Still, if activity remains low for long, momentum could wane.  For now, price stability despite these weak signals shows a disconnection between adoption and valuation trends. Source: Santiment What about BTC’s hype? Social Dominance for BTC spiked to 34.92%, its highest point in 2025 so far. This spike revealed growing market attention, often tied to speculative excitement. …

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Filed under: News - @ July 6, 2025 3:02 am