Bitcoin: Here’s why holders may not consider the BTC slump an opportunity

Although BTC's decline seems like another ray of opportunity, this metric suggests that holders who are looking for quick gains should be cautious.

Selling pressure was off its peak despite the price decrease.price has left many holders wondering whether it presents a chance to accumulate or a further decline that could be in the works.

Historically, a high NVT ratio suggests that Bitcoin is overbought. However, when its considerably lower below equilibrium, the asset is oversold. Therefore, theSource: Glassnodeover the last seven days have severely declined. Active addresses indicated the level of speculation around a coin by measuring the number of unique wallets involved in BTC transactions.

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