Examining why Bitcoin’s bull run may have more

Examining why Bitcoin’s bull run may have more room 

Bitcoin’s fundamentals remain strong, with holding behavior and undervaluation metrics supporting continued upside.

MVRV at 2.25 suggested that Bitcoin remains far from bull market peak conditions.

Exchange outflows rose while short-term holders stay inactive, limiting immediate selling pressure.

Bitcoin’s [BTC] continued to hover above $104K, yet several on-chain signals suggest the market hasn’t hit euphoric extremes.

In fact, a combination of undervaluation metrics, negative sentiment, and quiet short-term activity hints that the bull run may still be intact.