Bitcoin Advanced NVT Sits Above This Critical Threshold — What It Means For Price Action
Bitcoin's price has surpassed $100,000, reaching a peak of $103,800, the highest since January 2025. On-chain data indicates a critical moment for BTC, with the Advanced Network Value to Transaction (NVT) metric exceeding a significant threshold. This metric, which assesses the ratio of market cap to daily blockchain transaction volume, suggests a potential shift in market dynamics. When the Advanced NVT exceeds its long-term moving average by more than two standard deviations, it often precedes either a substantial price rally or a market correction. Currently, the Advanced NVT is above this threshold, indicating a possible parabolic price rally. Bitcoin's price has increased by over 6% in the past week, marking its return to six-figure valuations for the first time since February.
