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Bitcoin Price Faces Valuation Reset Amid On-Chain and Futures Market Activity

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BTC
$89,735.701.05%
Bitcoin faces a valuation reset as on-chain data highlights a potential realignment between price and network activity. On-chain analysis shows the NVT Golden Cross improving from -0.58 to -0.32, suggesting Bitcoin may be undervalued. Despite $7.3 billion in futures taker sell volume, historical patterns hint at a possible recovery. BTC trades at $87,974.31, up 0.75% in 24 hours, with a $1.75 trillion market cap and $58.33 billion in trading volume.
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