Coin

<ul class="news-points"> 
 <li><strong>Santiment revealed in an X post that Bitcoin’s Network Value to Transaction ratio had improved significantly.</strong></li> 
 <li><strong>According to the post, this metric has signaled a turnaround following the uptick in Bitcoin’s network activity in October.</strong></li> 
 <li><strong>BTC was attempting to break out above a positive medium-term price channel.</strong></li> 
</ul> 
<p>The blockchain intelligence platform Santiment revealed in an X post today that <a href="https://coinedition.com/tag/bitcoin-btc-news/">Bitcoin’s (BTC) Network</a> Value to Transaction (NVT) ratio has improved significantly. According to the post, this primary metric, which is used by many traders, has exited bearish territory.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>'s NVT (Network Value to Transaction) ratio has improved significantly, one of <a href="https://twitter.com/santimentfeed?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@santimentfeed</a>'s primary alpha <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> market signals for traders. The metric indicates whether the amount of unique <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> circulating is healthy relative to current market cap levels. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f44d.png" alt="👍" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/gu4CDDxMt9" target="_blank" rel="nofollow">pic.twitter.com/gu4CDDxMt9</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1724941362846728313?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 16, 2023</a>
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<p>Santiment also shared that this indicator signaled a turnaround after the market leader recorded an uptick in network activity in October. BTC’s price performance over the past 24 hours seems to have coincided with this bullish indicator.…</p>
<p>The post <a href="https://coinedition.com/btc-jumps-more-than-5-as-its-nvt-ratio-signals-turnaround/">BTC Jumps More Than 5% As Its NVT Ratio Signals Turnaround</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

BTC Jumps More Than 5% As Its NVT Ratio Signals Turnaround

Coin Edition

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