Readings from the coin’s MVRV ratio and Realized Loss metrics suggested that a local bottom may soon be discovered.Net Unrealized Profit & Loss metric has shown that the coin’s market remains within the euphoria phase with significant unrealized gains among investors, Glassnode found in a new
During this period, the market witnesses rapid price growth and increased trading activity fueled by the excitement. Their distribution activity during periods of market correction such as this becomes noteworthy as it can help identify potential buying opportunities .
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