Following another impressive weekly performance, the price of Bitcoin is now trading above the psychologically relevant $100,000 mark. The flagship cryptocurrency jumped as high as $103,800, its highest price level since January 2025. However, the latest on-chain data suggests that the BTC price might be in a make-or-break season. Is A BTC Parabolic Rally On The Horizon? Crypto analyst Burak Kesmeci took to the social media platform X to reveal that the Bitcoin Advanced Network Value to Transaction (NVT) metric has surpassed a critical threshold. According to the online pundit, this on-chain development suggests a potential shift in market dynamics, which could ultimately impact the price of BTC. Related Reading: New Bitcoin Whales Sitting On 185% Higher Cost Basis Than HODLer Whales, Data Shows The Advanced NVT metric is a refined version of the traditional NVT indicator, which calculates the ratio of Network Value (market cap) by the volume (in USD) transferred through the blockchain daily. This Advanced Network Value to Transaction metric helps to better capture extreme valuation conditions. Hence, when the Advanced NVT metric surges above its l ..
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