RPV ratio suggests a decrease in enthusiasm for the Bitcoin bull run. Trader sentiment remains positive and volume, velocity, and exchange reserves all show market strength. According to data provided by glassnode, Bitcoin‘s RPV, or Profits-to-Value Ratio, declined significantly over the last few days. This ratio compares profit-taking in the market against the network valuation […]
Trader sentiment remains positive and volume, velocity, and exchange reserves all show market strength.‘s RPV, or Profits-to-Value Ratio, declined significantly over the last few days. This ratio compares profit-taking in the market against the network valuation and its decline suggests that a lot of enthusiasm for the bull market has dissipated.How much are 1,10,100 BTCRPV decline was reflected in an increased MVRV ratio, indicating most holders would profit from selling.
Additionally, another positive indicator for Bitcoin is the decline in exchange reserves, as it indicates lower selling pressure. This means that there is less supply in the market, which could contribute to an increase in price.‘s volume has also increased, going from 14.56 billion to 31.1 billion over the last month. Its velocity also declined during this period, suggesting that BTC wasn’t being transferred amongst addresses and addresses were holding on to their coins.
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