Bitcoin ($BTC ) TVL is up, rising 48.59% in 24 hours. To determine whether this is a sustained trend, I’ll check three things:
1) Whether the increase is driven by a few leading protocols or by growth across multiple protocols;
2) Whether on-chain transaction volume has increased as well;
3) Whether the trend continues in the same direction for a period of time.
Will the market shift direction later?
1) Whether the increase is driven by a few leading protocols or by growth across multiple protocols;
2) Whether on-chain transaction volume has increased as well;
3) Whether the trend continues in the same direction for a period of time.
Will the market shift direction later?
