Bitcoin Price Analysis - Market cap outpacing on-chain utility
#crypto #bitcoin
The 30-day Kalichkin network value to on-chain transactions ratio (NVT) and The market cap divided by the realized cap (MVRV), which are both inversely related to on-chain activity, suggest decreasing or stagnant on-chain utility relative to market cap in the past few weeks.
OhNoCrypto
via https://www.ohnocrypto.com
Josh Olszewicz, @KhareemSudlow
The 30-day Kalichkin network value to on-chain transactions ratio (NVT) and The market cap divided by the realized cap (MVRV), which are both inversely related to on-chain activity, suggest decreasing or stagnant on-chain utility relative to market cap in the past few weeks.
OhNoCrypto
via https://www.ohnocrypto.com
Josh Olszewicz, @KhareemSudlow
