Should we worry about low Bitcoin transaction volume?
Data from on-chain analytics firm
NVT signal modifies its readings by using a 90-day moving average of daily transaction volume instead of raw data, something GlassnodeOn Dec. 21, the NVT signal hit 18.58, a level that last appeared as Bitcoin declined in the final days of April. At the time, BTC/USD traded at just over $40,000. This is addressed with an addition to the indicator called dynamic range NVT . Created by Charles Edwards, CEO of asset manager Capriole, DRNVT uses standard deviations to measure NVT divergence from the mean. It also supplies value zones for easier determination of entry points based on its readings.
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