Bitcoin has hit an astounding all-time high of $107,000, fueled by a fervent bullish sentiment that's been building over the past months. Delving into the on-chain metrics, the true market mean price (TMMP) and AVIV ratio reveal intriguing insights into investor behavior and market dynamics. TMMP's steady climb reflects long-term confidence, while a spike in the AVIV ratio may signal overheated conditions. As December unfolds, the market is poised at a critical juncture—what might this mean for Bitcoin's future trajectory? Discover the key indicators that could shape what's next…
AVIV ratio spikes as Bitcoin reaches new ATH AVIV ratio spikes as Bitcoin reaches new ATH
The gap between Bitcoin's price and true market mean price shows significant unrealized profits and potential market cooling.
3 min read
Updated: Dec. 16, 2024 at 11:18 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.