The following weeks saw Bitcoin shoot up and altcoins follow its lead, causing the community to start preparing for a bull run.
This trend is typically a bullish signal, because fewer holders are willing to sell, even as prices rise, anticipating higher future values.Next, AMBCrypto examined the network value to transactions ratio . Since 2024 started, the NVT ratio has trended downwards towards the end of the observed period.we got, there seemed to be a strong indication that a bull run was on the way., we saw a significant fluctuation, with periods where it rose above and dips below the baseline .
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