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
By
Eleanor Ashworth — Editor-in-Chief
About the author · Editor-in-Chief
Eleanor Ashworth
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.