BITCOIN ON-CHAIN METRICS SIGNAL CAUTION ๐ข
โข Bitcoin's MVRV ratio, which measures the average profit/loss of holders, is currently at 1.5, indicating a high level of profit-taking.
โข The SOPR (Spent Output Profit Ratio) is also elevated, suggesting that many holders are selling at a loss.
โข The NVT (Network Value to Transactions) ratio is above 100, indicating that the network is overvalued.
โข These metrics collectively suggest that the market may be due for a correction.
Are you prepared for a potential BTC price drop? ๐ข
๐ Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
โข Bitcoin's MVRV ratio, which measures the average profit/loss of holders, is currently at 1.5, indicating a high level of profit-taking.
โข The SOPR (Spent Output Profit Ratio) is also elevated, suggesting that many holders are selling at a loss.
โข The NVT (Network Value to Transactions) ratio is above 100, indicating that the network is overvalued.
โข These metrics collectively suggest that the market may be due for a correction.
Are you prepared for a potential BTC price drop? ๐ข
๐ Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
