The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment has turned bearish, with increased selling pressure and critical valuation metrics suggesting potential for further decline. Cryptoquant Analysis: Bitcoin Plummets Amid Bearish […]Cryptoquant Insights Warn: Bitcoin’s MVRV Ratio Signals Bearish Turn
The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment has turned bearish, with increased selling pressure and critical valuation metrics suggesting potential for further decline. Cryptoquant Analysis: Bitcoin Plummets Amid Bearish […]