Bearish signal for bitcoin!
NVM - the model shows a strong "overestimation" for the second time. Last time the price fell from $ 60 thousand to $ 30 after a similar revaluation.
NMV is an indicator that calculates the ratio of the blockchain capitalization to its active addresses. The higher the value, the more "overheated" the market. And vice versa.
Great analysis. The bear really kicking hard. Hope the bull prevails soon after the dust settles