Bitcoin: NVT Price - Glassnode Clips

In this Glassnode Clips, we analyze Bitcoin's valuation using the NVT price model, comparing market cap to transaction volume for a fair value estimate. The segment emphasizes entity-adjusted data for accurate economic transaction analysis. Observations from the NVT model indicate a possible quick rise in Bitcoin's price relative to transaction volume, with a notable increase in market activity from October, aligning with new capital entry into the Bitcoin market.

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Glassnode Clips delivers bite-sized weekly analyses, offering insights into Bitcoin and the wider crypto market's trends, performance, and on-chain metrics.

Disclaimer:
This report does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.