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: US
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 Chayanika Deka Bitcoin could reach $1 million if it captures roughly 17% of a projected $121 trillion global store-of-value market, according to Matt Hougan, chief investment officer at Bitwise Asset Management. In a recent memo, he explained how long-term market expansion could support significantly higher prices for the digital asset. Math Behind The Target […]