Bitcoin Rally Loses Momentum Amid Market Value Realized Value Ratio Slowdown

币界网报道:Bitcoin's recent rally shows signs of slowing momentum as the Market Realized Ratio (MRR) indicates weakening buying pressure. The MRR, which compares the current price to the average realized price of all coins in circulation, has declined from its peak during the rally, suggesting reduced investor enthusiasm. Analysts note that while Bitcoin briefly surpassed $70,000 earlier this month, the lack of sustained buying activity has led to consolidation around the $65,000 level. Market participants are closely watching for signs of renewed institutional interest or retail participation to determine if the rally can regain strength. Some traders point to potential support levels near $60,000 if the current slowdown continues, while others remain cautiously optimistic about Bitcoin's long-term prospects given upcoming events like the halving and potential ETF inflows. The cooling MRR coincides with decreased trading volumes across major exchanges, indicating a period of market indecision.

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