Bitcoin Dips to $107K—NYDIG Says This Bull Run Has Legs
Bitcoin slumps 8% in a sharp pullback—classic ’buy the rumor, sell the news’ behavior after ETF approvals. But NYDIG’s latest analysis suggests the market isn’t even close to overheating.
Key metrics show retail FOMO still lags 2021 levels. Institutional inflows? Just getting started. And those ’overbought’ alarms? Mostly traders sweating their leveraged positions.
Funny how Wall Street suddenly loves volatility when it’s their algos causing the whipsaws. Meanwhile, hodlers stack sats like nothing happened.