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Bitcoin RVT Ratio Approaches Key Threshold – Accumulation Underway? | Bitcoinist.com
Related Reading: Bitcoin Surges Amid Leverage-Driven Price Action – Will It Last?As macroeconomic instability continues to shape investor sentiment, on-chain data offers a glimpse into Bitcoin’s underlying network behavior. According to new insights from CryptoQuant, the RVT Ratio 30DMA (Realized Value to Transaction Volume) is approaching a crucial threshold. This metric may signal that a large amount of capital is dormant rather than being used for transactions.
Historically, such conditions have aligned with accumulation phases, where long-term investors gradually increase their holdings during periods of market uncertainty. This potential shift toward accumulation suggests that many players may be positioning for the next leg up, despite the ongoing macroeconomic headwinds.
Bitcoin Nears Critical Resistance As Accumulation Signals Strengthen
Bitcoin is now trading 13% higher from its low last Wednesday, showing signs of momentum as it approaches a critical daily resistance zone. After weeks of intense selling pressure and market instability, BTC’s latest rebound suggests a possible shift in market sentiment. However, the broader picture remains clouded by global tensions, particularly the growing friction between the United States and China, and lingering macroeconomic uncertainty.
The Federal Reserve (FED) continues to walk a tightrope. With inflation slowly cooling and the US stock market displaying signs of instability, many analysts believe the FED may eventually be forced to lower interest rates to prevent an economic collapse. While a rate cut could provide a bullish backdrop for risk assets like Bitcoin, such a move may not come immediately, especially as geopolitical risks continue to escalate.
Amid this backdrop, on-chain metrics are starting to paint a more optimistic picture. CryptoQuant analyst Axel Adler shared insights, revealing that the RVT Ratio 30DMA—a key metric measuring realized value against transaction volume—is nearing a critical threshold of 22. Currently just 1.5 points away, a breach of this level would suggest a growing amount of capital is inactive on the network.
Related Reading: Bitcoin Whales Haven’t Made Their Exit Yet – Is The Bull Cycle Still Intact?
BTC Price Faces Key Resistance at $85K
Bitcoin is currently trading just below the 200-day exponential moving average (EMA) at around $85,000, after briefly pushing above the critical $80K level earlier this week. This zone has now become a crucial battleground for bulls and bears. To confirm a true recovery and regain market confidence, bulls must push BTC above the 200-day EMA and reclaim the 200-day simple moving average (MA) near $87,500. These two technical levels have historically acted as confirmation points for long-term trend reversals.
Related Reading: Bitcoin Leverage Shrinks: Long Liquidations Drop To $1.2B As Traders Turn Cautious With global macroeconomic uncertainty and market volatility persisting, the next few sessions will be essential in determining Bitcoin’s short-term trajectory. All eyes are now on whether bulls can sustain this momentum—or whether the bears will regain control.
Featured image from Dall-E, chart from TradingView