Bitcoin’s organic valuation is at an all-time high and it’s a bright mid-term si

[Cinno3]

The Bitcoin NVT Ratio is at an all-time high, which indicates that the blockchain network activity is supplementing the price. The metric shows the ongoing rally of BTC is organic, led by genuine retail and institutional demand. Bitcoin’s NVT is calculated by dividing its market cap by the sum of capital moved daily on the blockchain.

At its core, Bitcoin is a blockchain network and a settlement layer. Hence, one of the most important fundamental factors would be the amount of money moved on the blockchain network.

The NVT Ratio evaluates the current valuation of BTC by gauging the price and the sum of capital transmitted through the Bitcoin blockchain. Analysts at Woobull.com explain:
More: https://cryptoslate.com/bitcoins-organic-valuation-is-at-an-all-time-high-and-its-a-bright-mid-term-sign/