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Market Cap:
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AMB Crypto
2023-01-23 03:30:08

Bitcoin’s RPV ratio reveals if BTC bull run is in jeopardy?

Bitcoin’s RPV ratio reveals if BTC bull run is in jeopardy?

RPV ratio suggests a decrease in enthusiasm for the Bitcoin bull run. Trader sentiment remains positive and volume, velocity, and exchange reserves all show market strength. According to data provided by glassnode, Bitcoin‘s RPV, or Profits-to-Value Ratio, declined significantly over the last few days. This ratio compares profit-taking in the market against the network valuation

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