Bitcoin has bounced back to $107,000 following recent geopolitical tensions.
On-chain metrics, specifically the MVRV Ratio, indicate slowing momentum and a potential late-stage bull cycle.
The flattening of the 365-day moving average slope of the MVRV Ratio historically precedes major market cycle peaks.
Investors are advised to exercise caution despite short-term opportunities, as on-chain data signals potential volatility and the need for risk management.