On-Chain Metric Signals the Bitcoin Market Isn’t Overheated: Why This Is Bullish | NewsBTC

Despite the recent stagnation, Bitcoin is still up by over 150% from the capitulation lows of March’s crash. By the standards, that means that BTC’s nascent market is at exuberant levels — especially considering the dismal state of the world economy. Chart of BTC’s price action since the start of the year from TradingView.com
But on-chain data shows that BTC is not yet in an “overheated” market, leaving room for the leading cryptocurrency to appreciate in the months ahead. 14 BTC & 95,000 Free S…

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