Bitcoin's price has stabilized around $106,000-$108,000 after a volatile week, despite a 3.41% price loss. An on-chain signal suggests a potential bullish accumulation phase based on historical data. Bitcoin dipped below the short-term holders' (STH) realized price, indicating recent investors are currently "underwater." Historically, such dips below the STH realized price have been followed by significant price rebounds. This dip is considered a possible opportunity for strategic buyers to accumulate Bitcoin. The Bitcoin market is mostly controlled by long-term holders, strengthening their positions during the price dip. One analyst suggests the Bitcoin bull market remains active, disregarding recent bearish speculation. This positive outlook is based on Bitcoin holding above the 38.2% Fibonacci retracement level weekly. Currently, Bitcoin is valued at $106,800, with a 0.40% daily decline and reduced trading volume.