Coin Edition -
- Santiment revealed in an X post that Bitcoin’s Network Value to Transaction ratio had improved significantly.
- According to the post, this metric has signaled a turnaround following the uptick in Bitcoin’s network activity in October.
- BTC was attempting to break out above a positive medium-term price channel.
The blockchain intelligence platform Santiment revealed in an X post today that Bitcoin’s (BTC) Network Value to Transaction (NVT) ratio has improved significantly. According to the post, this primary metric, which is used by many traders, has exited bearish territory.