analysis by On-chain Farsi about Symbol BTC on 1/19/2023

🔰 Signs of the start of the new Bitcoin trend in five indicators The first indicator relates to the flow of exchanges. When the queens are transferred from Spot to the derivative currency exchanges, these movements have become more risky to increase their profitability and send their assets to derivative currency exchanges. The second criterion is the MVRV Ratio, which derives from the ratio between the price and the Market Cap of Bitcoin, which shows that the asset is more than its fair value or above it. Currently, the MVRV criterion is located above the number 2 and is near its annual average (yellow line), indicating the possibility of a new trend for Bitcoin. The first Nupl criterion derives from the difference between Market Cap and Realized Cap; In other words, the difference between the profit or the harm that investors have and have not yet criticized it. Like the MVRV Ratio criterion, this criterion is close to its annual average (orange line), which may be a sign of the beginning of the new trend. Continue at the bottom ... @Cryptoquant_fa