Bitcoin’s NVT Golden Cross, a key on-chain data metric, is still signaling potential bearishness for BTC. The NVT ratio compares Bitcoin’s market cap to its transaction volume, providing insight into whether the asset’s price is fair. Currently, the NVT Golden Cross is hovering near historical top levels, suggesting that the cryptocurrency may be overvalued. While the metric has recently dropped out of the top zone, it remains close to it, indicating that a sustained uptrend is unlikely at this time. Therefore, Bitcoin is not yet out of danger.
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Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns
