Bitcoin’s Realized Volatility stands at 70%, mirroring levels last seen during the September 2023 lows. The trading price is currently 118,922 USD, experiencing a modest gain of 0.59%.
Transaction counts have plummeted to 188,000, signaling reduced user participation and a cooling-off period in new wallet creations. Such trends raise concerns about eventual market interest.
The NVT ratio has surged to 412, indicating potential overvaluation in Bitcoin due to its high market capitalization compared to transaction volume, challenging traditional scarcity narratives.
Leave a Reply