Bitcoin’s (BTC) on-chain metrics are indicating a significant trend, as the short-term holder (STH) MVRV ratio has dropped to 0.82. This level has historically been linked to market stress and capitulation, as reported by Glassnode data. This metric evaluates the relationship between the market value, represented by the current Bitcoin price, and the realized price, … Read more
Bitcoin is currently experiencing challenges due to weak fundamentals and macroeconomic volatility. However, its resilience around the $80,000 mark indicates a strong defense by long-term investors. Bitcoin (BTC) continues to face considerable challenges, citing weak fundamentals and ongoing macroeconomic instability as key factors contributing to the current pressure on the cryptocurrency. In the face of ongoing … Read more
Bitcoin (BTC) remains locked in a tight trading range, indicative of a wider trend of diminishing liquidity across the market. A recent report from Bitfinex Alpha indicates that the cryptocurrency’s price experienced a brief decline below the weekly open, ultimately closing 4.2% higher. The recent movement in the market was significantly shaped by positive updates … Read more