<ul data-eligibleForWebStory="false"><li>On-chain data reveals that the Bitcoin Network Value to Transactions (NVT) Golden Cross is approaching the historical topping zone.</li><li>The NVT Golden Cross indicator is based on the NVT Ratio, which compares the market cap of Bitcoin against its transaction volume, indicating potential overbought or undervalued conditions.</li><li>The current value of the NVT Golden Cross has surged to 1.98, nearing the critical 2.2 level historically associated with overheated market conditions and local tops for Bitcoin.</li><li>Historically, Bitcoin has experienced local tops when the NVT Golden Cross exceeded 2.2, suggesting that if the metric crosses this level again, it may indicate a local top, although previous instances have shown the metric staying above 2.2 for several days.</li></ul>

Bitcoin Indicator That Got All Three 2025 Tops Is Close To Flashing Again

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