07/03/2023
The bitcoin price needs to drop to $19,300 for a key on-chain indicator to reset. That is one of the conclusions in a market report by data provider Glassnode. Their data shows that mainly short-term speculators are dominant in the current market.
Market Value to Realised Value (MVRV)
The Market Value to Realized Value (MVRV) is a way of determining market sentiment.
The bitcoin price needs to drop to $19,300 for a key on-chain indicator to reset. That is one of the conclusions in a market report by data provider Glassnode.