Bitcoin approached $95,000 amidst market fluctuations on January 10, 2025, following a drop to near $90,000 after a weekly high exceeding $120,000. On-chain metrics reveal that the Spent Output Profit Ratio (SOPR) has risen to 0.987, suggesting recent sellers are incurring losses, a condition often preceding market recoveries. Additional indicators like Market Value to Realized Value and the Puell Multiple also hint that the market is still in a bullish phase. Analysts state that as short-term investors face losses, it may present accumulation opportunities for savvy investors. Fresh U.S. economic data has influenced market downturns, resulting in increased treasury yields and a decline in risk assets, including Bitcoin. Anticipated U.S. non-farm payroll data could further impact market positioning. Investors are advised to consider current price levels as potential entry points into Bitcoin holdings.

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