Trading activity around Bitcoin has witnessed a slight decline in the last 24 hours. This shows that profit-taking activity has commenced among coin holders.Generally, long liquidations tend to be more than short liquidations when an asset’s price declines and futures market participants are forced to close their long positions., the leading coin’s price has slipped by almost 1% in the last 24 hours, while trading volume has dropped by 18% during the same period.
Conversely, a negative MVRV value shows that the asset in question is undervalued, and if holders sold at the asset’s current price, they would realize losses.
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