Bitcoin News Today: Bitcoin near 'mild danger zone'

 

Bitcoin is navigating a “mild danger zone” as profit-taking risks rise, with the Market Value to Realized Value (MVRV) ratio climbing to +21%. This suggests that, on average, investors who purchased Bitcoin in the past year are sitting on healthy gains—potentially tempting many to lock in profits, according to sentiment platform Santiment.

The flagship cryptocurrency is currently trading near $115,800, roughly 6% below its record high of $124,128 set earlier this week. Over the past 30 days, Bitcoin has posted a 1.71% decline, despite a sharp 10% rally in the nine days leading up to its peak. Analysts at Bitfinex attribute the recent pullback to a lack of strong macroeconomic drivers to sustain the rally.

Market participants are now entering a consolidation phase, with all eyes on the upcoming U.S. Federal Reserve rate decision on September 17. According to the CME FedWatch Tool, 83.6% of traders expect a rate cut, a move that could inject fresh momentum into risk assets like Bitcoin.

Meanwhile, short positions are building. Data from CoinGlass shows around $2.2 billion worth of shorts could face liquidation if Bitcoin revisits its all-time high—a setup that may fuel volatility in the weeks ahead.

Despite short-term caution, long-term signals remain encouraging. Whales holding between 10 and 10,000 BTC have continued accumulating aggressively, even after the record high. This ongoing demand from large holders underscores their confidence in Bitcoin’s long-term trajectory, offering reassurance to investors weighing whether to sell into strength or stay the course.

Ask Aime: With Bitcoin balancing between profit-taking pressures and whale accumulation, should you sell your BTC now—or hold for the long run?