AVIV ratio spikes as Bitcoin reaches new ATH
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AVIV ratio spikes as Bitcoin reaches new ATH
The opening between Bitcoin's worth and steady style market imply worth shows valuable unrealized profits and skill market cooling.
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Quilt artwork/illustration by draw of CryptoSlate. Image entails blended screech which can presumably well also impartial embody AI-generated screech.
Bitcoin has hit an astonishing all-time high of $107,000, fueled by a alive to bullish sentiment that's been building over the final months. Delving into the on-chain metrics, the steady style market imply worth (TMMP) and AVIV ratio point to provocative insights into investor behavior and market dynamics. TMMP's regular climb displays long-term self belief, whereas a spike within the AVIV ratio may maybe presumably well also impartial signal overheated prerequisites. As December unfolds, the market is poised at a important junctureâwhat may maybe presumably well also this imply for Bitcoin's future trajectory? Search for the predominant indicators that may maybe presumably well also form what's nextâ¦
Source credit : cryptoslate.com