BTC: Network Looks Healthy According To NVT
A network value indicator (NVT) that helps us assess the current dynamics of Bitcoin in terms of transactions.
The NVT on-chain indicator has been in a steady uptrend since the BTC rate peaked in 2017. From March 2018 to April 2021 (when the market renewed its all-time high), the indicator consolidated in the range between 17 and 31.
Before the top of 2017, its value fluctuated between 4 and 15. Thus, the steady growth of the indicator against the background…