Bitcoin has resumed a slow climb upward after a recent period of consolidation, briefly breaking back above the $106,000 mark earlier today. At the time of writing, the cryptocurrency is trading at $105,383, reflecting a 0.8% increase over the past 24 hours.
While this upward move has not sparked a major breakout, analysts are paying close attention to on-chain and market structure indicators that suggest a cautiously balanced environment.
On-Chain Data Points to Equilibrium, But Demand Wanes
According to CryptoQuant analyst Darkfost, the market currently lacks extreme signals of profit-taking or panic. In a recent analysis, Darkfost explained that realized profits over a seven-day moving average remain below $1 billion.
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