ZacharyWolf
@zacharywolf
As of July 2025, Bitcoin's NVT (Network Value to Transactions) ratio is elevated, suggesting potential overvaluation. A high NVT indicates market cap growth outpaces transaction volume, often signaling overheated markets or bubbles, as seen in past cycles. However, rising activity from Ordinals and BRC-20 tokens may skew this metric, so it’s best used with other indicators like RSI or volume
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