Bitcoin Price Dip Sparks Renewed Accumulation as Investors Eye Potential Rebound

Bitcoin’s recent price decline has ignited fresh debate among traders—whether this marks the perfect “buy the dip” moment or signals further downside ahead. The leading cryptocurrency has pulled back from its all-time high, but on-chain data suggests that investor confidence remains strong.

Exchange balances for Bitcoin have fallen to their lowest levels in over six years, according to Glassnode. Since early October, roughly 45,000 BTC—worth about $4.81 billion—have been withdrawn from exchanges. This massive outflow indicates growing accumulation among long-term holders who view the price dip as an opportunity rather than a setback. Historically, falling exchange balances are associated with reduced selling pressure and often precede market recovery phases.

Meanwhile, Bitcoin’s 30-day Market Value to Realized Value (MVRV) ratio has dropped to -7.56%. This means investors who bought within the past month are sitting on average unrealized losses of about 7.5%. While such negative readings can indicate short-term weakness, they have historically represented favorable entry zones for long-term investors. Every past instance of the MVRV dipping into this “opportunity zone” has been followed by a price rebound as accumulation strengthens.

At the time of writing, Bitcoin trades near $106,947—just below the key $108,000 support level. A sustained move back above this mark could push BTC toward $110,000 and possibly $112,500 if bullish momentum returns. However, if the price slips below $105,000, the market could face increased selling pressure, potentially driving Bitcoin down to $101,477.

Despite recent volatility, investor accumulation and negative MVRV readings suggest the current pullback may be a temporary correction within a broader bullish trend, offering patient investors another chance to build long-term positions.