#Bitcoin Unexpected NVT Signal: Bullish or Bearish?



CryptoQuant analyst Sunflowr Quant highlights this anomaly in a recent QuickTake. The NVT ratio, typically correlating with price, is declining despite the price increase. Sunflowr suggests this indicates a rally driven by genuine network activity rather than speculation. A rising transaction volume outpacing market cap growth points towards increased real-world Bitcoin usage.

This aligns with the prevailing belief that strong on-chain metrics underpin sustainable price growth. Organic transaction volume growth, rather than derivative-fueled speculation, suggests rising user adoption and utility are driving the price action.
BTC-1.15%
QNT-9.51%
RLY-3.9%
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