News View Non-AMP

NVT Ratio Hits 2.5 Year Low: A Turning Point for Bitcoin?

Published by
Mustafa Mulla

Bitcoin, the largest cryptocurrency, has been the center of attention recently due to its price surge to $65k after falling to $54k. Adding to the excitement, Bitcoin’s NVT ratio has hit a historic low not seen in over 2.5 years. 

Here’s what you should know.

Analyst Insights: Is the Downturn Over?

Prominent crypto analyst Michael van de Poppe suggests that this could signal the end of Bitcoin’s recent downturn. The strong buying sentiment in the market is further indicated by Bitcoin’s RSI standing at 63.60.

In a recent tweet, van de Poppe highlighted a significant milestone in Bitcoin’s market performance: the NVT ratio dropping to its lowest point in the past two and a half years. The NVT ratio, which measures network value relative to transaction volume, has historically been a crucial indicator of Bitcoin’s market health.

Van de Poppe noted that this drop is particularly unusual, surpassing declines seen during major events like the Luna collapse or recent market corrections. However, a negative NVT ratio suggests a shift in market dynamics, with strong buying pressure compared to on-chain transaction volume.

Van de Poppe emphasized that this dip in the NVT ratio indicates the recent correction phase for Bitcoin may be ending. He urged investors to prepare for potential market movements, suggesting that the worst of the correction could be behind us.

Mt. Gox Creditors’ Plans: Hold or Sell?

A recent poll conducted on the Reddit Mt. Gox forum has shed light on the intentions of creditors once they receive compensation. Out of the participants, 55% (260 people) expressed their decision to retain their Bitcoin holdings rather than selling them.

Meanwhile, 18% (88 people) indicated their plan to liquidate all of their Bitcoin to gain profit. Another 15% (68 people) intend to sell between 1% to 25% of their holdings, while a smaller segment, 6% (26 people), plans to sell between 25% to 50%.

This poll highlights the diverse plans creditors have for their Bitcoin, with the majority favoring long-term holding.

Read Also: Bitcoin ETFs Surge for 9th Day: Analyst Predicts $100K BTC Price Target

What do you think? Is Bitcoin on the cusp of another bull run? Share your thoughts.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Ether Machine Now Owns More Eth Than the Ethereum Foundation

As Ethereum marks a decade of innovation, The Ether Machine is making noise, with a…

July 31, 2025

Bitcoin Penguins Are Taking Over – Is This the Next Meme Coin Craze?

Bitcoin Penguins has arrived onto the presale scene in style, creating a massive viral buzz…

July 31, 2025

Ethereum Turns 10 – Will ETH Price Breakout to $4k Next?

Ethereum today has completed a decade in the industry. With more than just celebration, it’s…

July 31, 2025

Crypto Market Slows Down as September Rate Cut Odds Drop to 43% After Powell’s Speech

Many crypto traders were hoping for a rate cut in September, but Federal Reserve Chair…

July 31, 2025

XRP Breakout Ahead? Technical Outlook Suggests $5 as Initial Bullish Target

Ripple recently won its legal case against the SEC, bringing back confidence among investors and…

July 31, 2025

CoinDCX Employee Arrested in $44M Crypto Theft

Rahul Agarwal, a CoinDCX employee, was arrested for his connection to a major $44 million…

July 31, 2025