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Bitcoin bulls in control? – Not if THESE signals are right | Bitcoin (BTC) remains above its 365-day Simple Moving Average on the MVRV Ratio, signaling potential bullish momentum. The price above $108K reflects long-term confidence if the MVRV > SMA365 condition persists. Net Realized Profit/Loss has increased by 2.27% to $293 million, indicating moderate profit-taking typical of mid-cycle environments without triggering sell-offs. However, declining Transaction Count (85.9K) and Network Growth (65.8K) suggest reduced on-chain activity, which could imply speculative froth has cleared but also raises the risk of waning momentum if low activity persists.