bitcoin, ethereum, litecoin, btc, eth, ltc
Bitcoin network metrics like trading volume, daily active addresses, circulation, and Network Value to Transactions (NVT) ratio indicate a potential slowdown in network activity despite recent price gains. Low trading volume and slow growth in daily active addresses suggest reduced interest, while reduced circulation may indicate weakened transactional utility.
The NVT divergence highlights the disconnect between market value and actual activity, raising concerns about sustainability and potential market correction. Improvements in on-chain utility are needed to address these issues and maintain long-term growth prospects.