Bitcoin’s price stability in recent months might mask deeper market issues, as recent on-chain metrics suggest significant potential shifts ahead. Investors and analysts are closely monitoring these indicators to determine whether Bitcoin (BTC) is poised for a major shake-up or a period of stability.
Declining Bitcoin Profitability: Key Metrics
Despite Bitcoin’s relatively steady price, key metrics such as the Long Term Holder Net Unrealized Profit/Loss (LTH-NUPL) and the Market Value to Realized Value (MVRV) ratio signal potential challenges in the market.·
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