By Martin Young Bitcoin’s MVRV (Market Value to Realized Value) data, which indicates how overvalued or undervalued the asset is relative to its normal “zero-sum game,” is at the same level as late 2022, right after the FTX collapse, Santiment reported on Thursday. When the 365-day MVRV was oversold and severely negative following the FTX […]
Tag: ETF
By admin Spot Bitcoin exchange-traded funds recently recorded approximately $251 million in net inflows, indicating renewed institutional interest despite Bitcoin trading within a volatile range. This single-day surge pushed total net inflows for March to around $1.56 billion, effectively reversing earlier monthly outflows that had reached $576.6 million. Data from SoSoValue cited by Cointelegraph confirms […]
By admin Bitcoin advanced 3.15 percent to $68,462.57 over the past 24 hours, outperforming the broader digital asset market’s 2.41 percent gain. This move was primarily fueled by a macro risk-on shift as concerns over an imminent oil-supply shock receded. Notably, Bitcoin displayed a 66 percent correlation with the S&P 500 and a 59 percent […]