Selling pressure points to correction: SIGNIFICANT SELLING PRESSURE INDICATES THAT Bitcoin MAY CORRECT TO AROUND 95,800 USD. RECENTLY, BTC STRUGGLED NEAR THE 100,000 USD Threshold, CURRENTLY TRADING AT 99,600 USD. WITH A MARKET CAP OF OVER 1.97 TRILLION USD, THE SELLING PRESSURE COULD CAUSE FURTHER DECLINES.

Overvaluation concerns from metrics: ON-CHAIN METRICS LIKE THE MVRV AND NVT RATIOS ARE INDICATING Bitcoin IS OVERVALUED. INTO THEBLOCK REPORTS THAT THE MVRV RATIO IS REACHING HISTORIC LEVELS WHICH TYPICALLY PREDICT PRICE CORRECTIONS, AND THE NVT RATIO SUPPORTS THIS TREND.

Market dynamics hint at altcoin rise: Bitcoin’S MARKET DOMINANCE HAS FALLEN FROM 53.7% TO 51%, SUGGESTING AN OPPORTUNITY FOR ALTCOINS. HIGH NET DEPOSITS TO EXCHANGES AND MINER OFFLOADING OF 85,503 BTC IN 48 HOURS INDICATE INCREASED SELLING PRESSURE, POTENTIALLY AFFECTING Bitcoin’S PRICE STABILITY.