1Bitcoiner.com on Nostr: 6 Aug 24 - 📉 Bitcoin's 30-day MVRV ratio has plummeted to -17%, the lowest since ...
6 Aug 24 - 📉 Bitcoin's 30-day MVRV ratio has plummeted to -17%, the lowest since the FTX collapse. This sharp drop follows the latest price crash, signaling potential selling exhaustion. Last time this low, Bitcoin saw a rebound. BTC now recovers to $54,400.
Published at
2024-08-06 09:18:21Event JSON
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"pubkey": "2036408a130912e2b0317226ecc4ded647c4bc99215e2a01570027870d266b02",
"created_at": 1722935901,
"kind": 1,
"tags": [],
"content": "6 Aug 24 - 📉 Bitcoin's 30-day MVRV ratio has plummeted to -17%, the lowest since the FTX collapse. This sharp drop follows the latest price crash, signaling potential selling exhaustion. Last time this low, Bitcoin saw a rebound. BTC now recovers to $54,400.",
"sig": "178bdc591ef7b7e482367dce1678bb8c7b4514865bd4434cf226c3769c864c38d29998dae5dce943a01793943178e297a38fe573d31d148fd5793d2529faaa22"
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