The leading digital currency, Bitcoin (BTC), continues to grip investors. Since May 8, when the price broke through the $100.000 barrier, many analysts have been speculating about a big bullish rally that could surpass the current record price of $109.114. So far, this has not materialized, raising questions among some investors about the sustainability of this rise.
However, recent insights from CryptoQuant point to a different reality. The on-chain metric, the Network Value to Transaction (NVT), is not showing any signs of overheating yet. The NVT Golden Cross has reached a value of 1,51, which still offers a safe distance from the overheated zone of 2,2.
“Historically, values above 2,2 indicate the beginning of overheating. We are not there yet, but the upward trend deserves attention.” This says a lot about the current market situation. The NVT Golden Cross is a valuation tool that compares Bitcoin’s market capitalization to the network’s transaction volume. This comparison can provide insight into the asset’s short-term valuation.
While the NVT indicator isn’t always 100% accurate, historically, readings above 2,2 often mark periods of overheating, with price growth outpacing actual network activity. The current reading of 1,51, as noted by CryptoQuant, suggests that while the metric is rising and investors should be wary, there’s no reason to panic just yet.
Nevertheless, it is wise for traders to monitor developments closely to avoid surprises when making speculative decisions.
This update feels necessary as Bitcoin has seen a surge in investor interest in the crypto market. Bitcoin’s Open Interest recently hit an all-time high of $74 billion, reflecting renewed confidence among traders betting on the futures market.
In addition, institutional enthusiasm for investing in Bitcoin has also increased. Bitcoin exchange-traded funds (ETFs) have seen impressive inflows. As of May 20, 2025, a whopping $329,02 million in inflows were recorded in the Bitcoin ETF market.
Furthermore, the price of Bitcoin has increased by 24% over the past 1,59 hours to $106.654,59. With numbers like these, it is hard to ignore the appeal of Bitcoin.
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What is the current value of Bitcoin NVT Golden Cross?
The current value of Bitcoin NVT Golden Cross stands at 1,51, which is still far from the overheated zone of 2,2.
How Much Inflow Have Bitcoin ETFs Seen Recently?
On May 20, 2025, $329,02 million inflows were recorded in the Bitcoin ETF market.
What is the current price of Bitcoin?
The current price of Bitcoin is $106.654,59 and has increased by 24% in the last 1,59 hours.