š The Crypto Market's Attention Grabber
A recent analysis by CryptoQuant suggests that Bitcoin is experiencing a valuation reset š. This phenomenon occurs when the market price realigns with on-chain fundamentals š.
The NVT golden cross indicator is a key player in this process š. When it crosses above, it signals that Bitcoin is trading at a discount to its actual network activity šø. Historically, this pattern has been associated with weak sentiment and undervaluation š.
This trend of deleveraging and accumulation is underway āļø. As the indicator recovers from cycle lows, investors are taking note and adjusting their strategies š.
