Assessing the health of the crypto market requires looking at more than just Bitcoin’s price. Looking at the percentage of Bitcoin holders that are in profit, meaning they bought BTC at a price lower than its current spot price, is a solid indicator of future movements. Holders that saw their BTC increase in value are…
Determining a market bottom requires looking at various different sets of data. However, when it comes to Bitcoin, there are two frequently used on-chain metrics that have historically acted as solid indicators of its price bottom — realized price and the MVRV ratio. Realized price calculates the average price of the Bitcoin supply valued at…