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Bitcoin’s assessment of the last 365 days reveals this about BTC’s future
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Data from blockchain analytics platform, Santiment revealed that Bitcoin [BTC]‘s Market-Value-to-Realized-Value (MVRV) stood at -43. This was close to the lowest position the metric has clinched before a rebound. Historically, the king coin’s lowest was a negative value of -53 in December 2018.
According to Santiment, in 2021, a consistent decline in the price and market capitalization led to a similar drop in active traders that traded BTC. As a result, the index for active BTC traders dropped by an average of 43% since last September.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
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