American investors have ramped up Bitcoin sales, causing the Coinbase Premium Gap index to drop to -57. This indicates increased selling pressure from the U.S., according to CryptoQuant.
This is reported by Business • Media
Dynamics of the NVT Golden Cross Indicator
According to the analytical platform CryptoQuant, the Bitcoin market is currently undergoing an important phase of reevaluation. The NVT Golden Cross indicator, which compares market capitalization with transaction volumes on the network, has fallen to a historic low of -0.58. Experts emphasize that a significant decline in this metric indicates the asset’s undervaluation, as the price lags behind the actual network activity.
“The market is transitioning from an undervaluation phase to equilibrium — this is characteristic of accumulation periods,” stated CryptoQuant.
Over time, the NVT Golden Cross indicator improved to -0.32, but it still remains in the negative zone. This means that despite the increase, Bitcoin remains undervalued; however, the market is gradually approaching a more stable phase. Analysts note that such changes historically correspond to accumulation periods when investors build new positions for future price growth.
Long-Term Predictions for Bitcoin
Earlier, CF Benchmarks shared a forecast suggesting that by 2035, the value of Bitcoin could reach $2.95 million. This underscores the potential of the cryptocurrency and confirms the interest of institutional and private investors in digital assets even amid short-term fluctuations.