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Bitcoin MVRV Crossover Points to Early Momentum

Bitcoin MVRV Crossover Points to Early Momentum

Glassnode sees the MVRV ratio back above the 365-day average, while U.S. spot Bitcoin ETFs are pulling in heavy inflows. At the same time, RSI points to strong momentum and the chance of a short breather.

Whales are investors with large amounts of cryptocurrencies who can have significant influence on the market.

Because whales hold large amounts of crypto, their transactions can cause price movements. Whale activity is often tracked through on-chain data.