Glassnode Analyst: BTC breaking new ATH historically represents the transition from "Enthusiastic Bull" to "Excited Bull"
Glassnode analyst Checkmatey stated in a post that Bitcoin breaking new ATH values historically represents the transition point from "enthusiastic bull" to "excited bull". This also coincides with the MVRV ratio exceeding one standard deviation, but we rarely break through it on our first attempt.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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