See original
LIVE
CryptoChan
--
Nine Major Bitcoin Bull Market Peak Escape Indicators
The median is a good thing, often representing the general situation better than the average.
Glassnode recently launched median-related on-chain indicators, such as the Median Realized Price shown in the figure above, which reflects the median cost of buying coins on-chain (sorted by the duration since last moved, taking the median, with the price at the time of movement being the median cost of buying coins on-chain)
Based on the Median Realized Price, the Median MVRV can be derived. As shown in the figure above, fitting the Median MVRV yields the bull peak and bear bottom fitting curves.
Based on the fitted curve of the Median MVRV, a completely new set of BTC bull peak and bear bottom pricing indicators can be obtained (as shown in the figure above)
Glassnode recently launched median-related on-chain indicators, such as the Median Realized Price shown in the figure above, which reflects the median cost of buying coins on-chain (sorted by the duration since last moved, taking the median, with the price at the time of movement being the median cost of buying coins on-chain)
Based on the Median Realized Price, the Median MVRV can be derived. As shown in the figure above, fitting the Median MVRV yields the bull peak and bear bottom fitting curves.
Based on the fitted curve of the Median MVRV, a completely new set of BTC bull peak and bear bottom pricing indicators can be obtained (as shown in the figure above)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0