Bitcoin Market Hits Stalemate as On-chain Data Shows Equilibrium

Bitcoin is trading near $88K, as profit-taking has met long-term demand. SOPR has sat near breakeven, and the Coinbase premium has turned slightly negative. About 1,600 BTC have left exchanges, supporting forecasts for range-bound trade between $80K and $140K in 2026. A macro catalyst may be needed.

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