Bitcoin recovers 44% from June low as unrealized profits climb
- —BTC is up 44.2% from the $58,535 low to $84,400
- —June drawdown was 53.06%, mirroring the 2021 pattern
- —MVRV at the June bottom was 1.10 vs 1.55 in 2021
- —Weekly ETF inflows reached $2.39B, monthly flows topped $2.7B
Why it matters: The recovery hinges on demand absorbing rising profit-taking and preventing a leverage spike that could trigger liquidations.
Source: AMBCrypto