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Bitcoin's Network Value to Transaction Ratio Declining
Bitcoin's annualized rolling three-month basis, or the difference between prices in futures and spot markets, is declining. Arcane analysts suggest institutional speculators are more concerned than their offshore peers. Meanwhile, Bitcoin's Network Value to Transaction Ratio (NVT) is around 45, an 82% premium versus its average since 2014, revealing that BTC may be trading at a compelling valuation. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
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