Bitcoin has regained the $102,000 price level after a 4% increase, driven by a decrease in sell-side liquidity and miners holding onto their BTC. The price correction after reaching an all-time high has subsided, indicating a positive market outlook. The Liquidity Inventory Ratio has dropped significantly, reflecting constrained availability during periods of high demand. Miners selling Bitcoin has decreased, with many holding onto their holdings due to anticipated higher prices. The report suggests that Bitcoin is starting the year on a strong footing, with positive on-chain metrics, but a deeper pullback is still possible. Bitcoin currently has a market cap of $2.01 trillion.



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