Bitcoin Is Bouncing – But These 3 Metrics Decide If the Bull Market Is Returning
Bitcoin has moved back toward the high-$90K structure after a dip to the mid-$80Ks. Analysts have watched the 200-day EMA, US spot ETF holdings and short-term holder cost basis for clues on whether risk appetite has improved. ETF holdings have fallen over $6B since Oct 2025, with price near $86,600.
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