Friday Market Brief - Focus on BTC

Full 12-month on-chain analysis via Glassnode. BTC at $69,923, down 43% from the Aug $123K ATH. MVRV Z at 0.54 (fair value), NUPL at 0.22 (hope/fear), LTH supply re-accumulating at 14.57M BTC. The floor looks solid, the ceiling is far.