BITCOIN CLIMBS, BUT NVT INDICATOR SENDS A SURPRISING SIGNAL
https://i0.wp.com/img.cryptoquant.com/480777/quicktake/opIFsvVvI_e129e753dcded75b67e1f6347b375d878edb7ed87c201fec1fd6360cb84c563a.png?resize=930%2C648&ssl=1
✍️ Bitcoin's price has surged to over $120,000, with analysts pointing to solid transactional support and on-chain growth as a sign of underlying network strength.
👉 The NVT Golden Cross indicator is declining despite the rising price, suggesting that the rally is driven by actual usage and real transactions on the Bitcoin network. 👉 Long-term holders are net distributing, while short-term holders are net accumulating, a dynamic often seen in late-stage rallies. 👉 The shift between long-term and short-term holders has historically served as a warning signal, highlighting the need to monitor supporting metrics such as exchange inflows and funding rates.
-- #SunflowrQuant #ITTech #technology
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