The co-founders of Glassnode, a blockchain analysis platform, believe that Bitcoin (BTC) can reach six figures and beyond. They compare the current situation to a past cycle phase where liquidity outflows coincided with a price correction, but network growth continued. They suggest that once liquidity flows back into the market and network growth remains bullish, there could be a price pump. However, profit-taking needs to calm down and stabilize before BTC can rise again. BTC is currently trading at $92,077, down 1.7% for the day.



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