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Bitcoin Market Stabilizes: On-Chain Indicators Show Cooling of Speculation

Bitcoin Market Stabilizes: On-Chain Indicators Show Cooling of Speculation

Recent on-chain data suggests a significant correction in the Bitcoin market, with key indicators like MVRV ratio, SOPR, and the Sell-Side Risk Ratio returning to more stable levels. A Glassnode report highlights this reset, indicating a reduction in speculative activity and a broader market adjustment. This suggests the removal of excessive speculation and a move towards equilibrium.

Metaplanet Expands Bitcoin Investment with US Subsidiary

Metaplanet Expands Bitcoin Investment with US Subsidiary

Japanese Bitcoin investment firm Metaplanet is expanding its global presence by entering the US market. They’ve launched Metaplanet Treasury Corp., a Florida-based subsidiary, aiming to deepen their involvement in the Bitcoin ecosystem. This move is a strategic step to further their growth and signals their commitment to the cryptocurrency market, potentially attracting a significant investment boost.