Are Bitcoin’s 7 months of ‘Euphoria’ over? All about BTC’s market shift

Readings from the coin’s MVRV ratio and Realized Loss metrics suggested that a local bottom may soon be discovered.Net Unrealized Profit & Loss metric has shown that the coin’s market remains within the euphoria phase with significant unrealized gains among investors, Glassnode found in a new

During this period, the market witnesses rapid price growth and increased trading activity fueled by the excitement. Their distribution activity during periods of market correction such as this becomes noteworthy as it can help identify potential buying opportunities .

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Nuttall: Despite tensions, energy market shows ‘a bit of euphoria’Amidst a backdrop of geopolitical tensions causing the price of oil to rise, one portfolio manager says the energy market is currently viewed through a state of “euphoria,” despite inventories expected to reach multi-year-lows this summer.
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