Bitcoin NVT ratio suggests BTC may see another 'explosive move' as search int...
The popular metric suggests the Bitcoin bull run is beginning, not ending, according to a report from Stack Funds. Bitcoin (BTC) may have hit new all-time highs of $37,600, but one indicator suggests that yet another bull run is incoming.Released in the latest weekly report from Stack Funds, data from Bitcoin's network value to transaction (NVT) ratio still remains firmly bullish.Report: NVT suggests Bitcoin "not overvalued"According to analysts at Stack, despite Bitcoin gaining 30% in 2021 already, the gains are far from over. Far from warning that the top is imminent or already here, NVT....
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On-chain data shows the Bitcoin taker buy sell ratio has surged up to a high not seen since almost two years ago. Bitcoin Taker Buy Sell Ratio Observes Uplift In Recent Days As pointed out by an analyst in a CryptoQuant post, the taker buy sell ratio is now at its highest value in 636 days. The “taker buy sell ratio,” as its name suggests, is an indicator that measures the ratio between the taker buy volumes and the taker sell volumes. When the value of this metric is greater than one, it means the long volume is overwhelming the short volume right now. Such a trend suggests....
XRP is trading in a quiet range between $1.38 and $1.40, but new derivatives data indicates the calm may be masking a more unstable setup beneath the surface. A CryptoQuant analysis by Pelinay shows that XRP’s leverage structure is low and moving sideways, while its price action has been relatively higher than the leverage, and this has created a divergence that history has shown to resolve through a forceful explosive move. Related Reading: Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst XRP Holds Strong Despite Sharp Decline In Leverage Ratio The CryptoQuant....
Now that the openBazaar project has been launched, various cryptocurrency enthusiasts all over the world have set up their shops. Duo Search is a new search engine to help Bitcoin users find whatever they are looking for among OpenBazaar offerings. This valuable tool will go a very long way in the world of decentralized marketplaces. One thing people have to take into account with projects such as OpenBazaar is how it is rather difficult for consumers to find particular items unless they know the exact store details. Unlike traditional commerce, where people can search for just about....
The Tron (TRX) Sharpe Ratio suggests the cryptocurrency’s price may be far from overheating, a sign that the coin could have more upside potential. Tron Sharpe Ratio Is Still Significantly Below Overheating Zone In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Sharpe Ratio of Tron. The “Sharpe Ratio” refers to an indicator that compares the returns of an asset against the risk associated with it. The numerator in the ratio, the ‘returns’ portion, is defined as the difference between the average return of the coin and the....
Are Shiba Inu (SHIB) investors looking for the next big thing? The rise of a new gambling token, Mpeppe (MPEPE), priced at $0.00107, is drawing significant attention from the crypto community. With the potential for explosive growth, many Shiba Inu (SHIB) holders are shifting their focus to this promising new asset. Shiba Inu’s NVT Ratio: A Warning Sign? The Shiba Inu (SHIB) network value to transactions (NVT) ratio has seen a drastic increase, indicating a possible price correction. According to data from Glassnode, SHIB’s NVT ratio is currently outpacing the meme coin’s price,....