On Sunday, Bitcoin and the overall crypto market experienced profit-taking, resulting in approximately $252 million in crypto liquidations. Bitcoin fell to a low of $101,221 before recovering to $103,292, while Ethereum dropped to $3,831 before rebounding to $3,906. Despite these fluctuations, both assets remain optimistic. The MVRV indicator, which measures whether the price is overvalued or undervalued compared to average investor prices, suggests that Bitcoin is still a long way from reaching its market top with an MVRV of 2.5, while Ethereum has room to rise further with an MVRV of 1.76.



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