Despite a recent price correction, Bitcoin's bull run shows no signs of slowing down, according to various on-chain metrics. While the price may have dropped, these indicators suggest that the market remains strong and poised for further growth.

The Bitcoin Price Rainbow Chart, a long-term valuation tool, indicates that now is still a good time to invest in BTC. Additionally, the Relative Strength Index (RSI) suggests that the price has not yet peaked, and the 200-Week Moving Average heatmap shows that the current price point is still in the "buy" zone. The Cumulative Value Days Destroyed (CVDD) indicator also suggests that Bitcoin is undervalued, making it a good buying opportunity. Finally, the Bitcoin 2-Year Multiplier indicator shows that there is still room for growth before the price reaches its peak.

While some investors may be concerned about the recent price correction, on-chain metrics tell a different story. Even Bitcoin whales selling 50,000 BTC worth $3 billion in the past 10 days has not dampened the market's optimism. According to analysts, Bitcoin needs to rise above $66,254 soon to avoid a potential drop to $61,000. However, the average entry price for Bitcoin investors is around $47,000, and in a bull market, the price usually stays above this level.

In conclusion, despite the recent price correction, Bitcoin's bull run continues, supported by various on-chain metrics. While some investors may be cautious, these indicators suggest that the market remains strong and poised for further growth. With long-term optimism and careful risk management, investors can continue to benefit from Bitcoin's upward trend.