Has Bitcoin Reached Its Cycle Peak? Key Metrics and Insights to Consider
Bitcoin has seen a 2% drop recently, falling to around $94,000, prompting significant selling in both the cryptocurrency and stock markets. On-chain data shows that Bitcoin’s Accumulation Trend Score has plummeted to 0.21, indicating a shift towards asset distribution among holders, particularly among large investors. Despite this trend, Bitcoin’s Market Value to Realized Value (MVRV) ...
