Bitcoin’s NVT Golden Cross has surpassed a critical threshold, suggesting an overheated market. Current trends indicate growing bearish sentiments among investors, following a 6.54% price drop over the past 24 hours.
Despite recent downturns, some indicators point to a possible market rebound outside the U.S. Notably, Bitcoin whales continue to hold their positions, with a declining Exchange Whale Ratio indicating their bullish outlook.
Long-term holders of Bitcoin are not engaging in panic selling, with the VDD Multiple at 1.05 showing market stability. This suggests that the recent decline may not result in sustained downturns as broader indicators support potential recovery.