Bitcoin Price Stability Confuses Investors as On-Chain Indicators Show Undervaluation

08/28 05:00

Bitcoin's price has remained stable above $26,000 over the past week, leaving investors uncertain about its next move. Some on-chain indicators suggest undervaluation for Bitcoin, but weakness persists on the charts. The NVM ratio, which measures the correlation between Bitcoin's market value and daily active users, has fallen below the threshold for undervaluation.

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