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....
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,....
A quant explains why the current high Bitcoin leverage ratio values may mean that more price drop could be coming soon. Current Bitcoin Leverage Ratio Is At High Values As explained by an analyst in a CryptoQuant post, the current BTC leverage ratio has high values, and if past pattern is anything to go by, a correction may be coming to the price soon. The “estimated leverage ratio” is an indictor that’s defined as the value of the Bitcoin open interest divided by the reserve of all exchanges. In simpler terms, what this metric tells us is the amount of leverage that an....
The current trend in the Bitcoin MVRV ratio suggests the ongoing rally in the cryptocurrency’s price may have room to grow further still. Bitcoin MVRV Ratio Hasn’t Yet Reached Its 4-Year MA As pointed out by an analyst in a CryptoQuant post, the recovery phase in the asset’s price isn’t over yet. The “Market Value […]
Macro-economist Henrik Zeberg thinks Bitcoin (BTC) and other risk assets are gearing up for a “monster” move, with the trend still in its early stages. Zeberg’s predictions are based on the BTC/SPX Ratio, an indicator that compares Bitcoin’s performance to the S&P 500 index (SPX). BTC/SPX Ratio Says There Is A Monster Move Incoming Despite recent fluctuations and concerns about the crypto market’s sustainability, Zeberg remains bullish on BTC. In the analyst’s view, the BTC/SPX Ratio offers strong evidence that the Bitcoin uptrend is “just....