Network #Bitcoin activity is improving again.


The Bitcoin NVT Price Model indicator shows that the NVT Z-Score has recovered from the negative zone and is approaching equilibrium (0), reflecting that Bitcoin's price is gradually being supported by an increase in on-chain transaction value instead of just from speculative money flows.
In previous cycles, whenever NVT exited the low valuation zone and returned to a neutral state, the market usually entered a rebalancing phase between price and network activity before forming a new trend.
Currently, the NVT Price is still moving quite close to #Bitcoin's price, while the NVT Z-Score has not shown any signs of overheating. This indicates that on-chain valuation has become significantly healthier after the recent correction.
If on-chain transaction volume continues to expand in the coming period, this will be an important foundation to strengthen #Bitcoin's recovery trend instead of just a technical rebound.
BTC2.14%
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