Bitcoin's price has increased by 3% in the past 24 hours, but the rally has been relatively modest despite two significant developments: the revocation of the SEC's SAB 121 policy, allowing banks to custody crypto, and Trump's creation of a Digital Asset Stockpile through an executive order. The 7-day MVRV Ratio suggests there is still room for short-term growth, and whale activity has dropped to its lowest level in a year, indicating a potential shift in the behavior of large BTC holders. The market is facing a decisive moment between testing new highs or retreating to key support levels.
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