Bitcoin is closing the year with varied bullish on-chain metrics, including a high Binance stablecoin reserve.
The on-chain data shows Bitcoin is primed for a bullish start in 2025.
Bitcoin (BTC), the world’s leading cryptocurrency, still faces crucial tests after dropping below $100,000. Despite the recent decline, BTC price metrics are giving bulls cause for confidence. Here are five essential insights for the leading cryptocurrency this week.
Bitcoin Hovering Around Range Lows 
At press time, Bitcoin trades at $93,042, hovering near the lows of its December trading range, per data from MarketCap. Notably, Bitcoin saw a lack of overall momentum during the Christmas festivities. However, there are signs of short-term change as the final two Wall Street trading days of 2024 begin.
Crypto analyst Skew commented on Bitcoin’s current performance in a post on social media X. Referencing the value area low and weekly open, Skew stated, “Price is currently trading around key VAL, last

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