Bitcoin steadies at $95K despite whale activity and political turmoil.
MicroStrategy continues aggressive Bitcoin purchases, holding over 400,000 BTC.
Bitcoin (BTC) remains steady around the $95,000 mark despite fluctuations. Trading at $95,463 at the time of writing, the cryptocurrency has seen a 4.1% weekly gain and a modest 0.39% surge over the past 24 hours. After reaching an all-time high of $99,655 on 11 November, Bitcoin’s momentum has slowed, with analysts closely monitoring whale activity and broader market dynamics.
Key metrics like Bitcoin’s MVRV ratio, at 2.57, signal moderate profitability without overvaluation risks. Additionally, active addresses, a measure of network activity, have rebounded to over 900,000 after briefly dipping below 750,000 in early December, indicating renewed retail interest. The daily RSI shows that it is reaching an overbought scenario.
BTC Price Chart, Source: Sanbase
Meanwhile, MicroStrategy continues its aggressive Bitcoin acq
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