Toncoin rally faces profit-taking pressure near $1.70 despite BTC strength

Toncoin has struggled to break decisively above the $1.70 area in recent weeks, even as Bitcoin reclaimed $94.5k as support. On-chain and derivatives data show rising 90-day MVRV and Open Interest but no clear network-wide accumulation, suggesting potential rallies toward $2.16–$2.37 could be limited by profit-taking.