BTC Sets New $123K Value Zone After Leverage Flush

Key takeaways: Bitcoin retained range-bound trading above $120,000 after an 8% leverage reset in futures. Spot demand and declining open interest point to renewed buyer confidence. The MVRV ratio signaled a potential 15% to 25% upside, targeting $140,000 to $150,000 by the end of Q4. Bitcoin (BTC) continued to range trade between $120,000 and $125,000…

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