Bitcoin On-Chain Signal of Early Stage Bull Markets Now Showing Up, Says Analytics Firm Glassnode

Analytics firm Glassnode says that an on-chain metric for Bitcoin (BTC) that has historically signaled the early stages of a bull market is showing up on the radar. According to Glassnode, Bitcoin’s long-term holder MVRV (LTH-MVRV), which tracks the behavior of long-term BTC investors, has entered “high-risk” territory. The analytics firm shares a chart that...

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