Golden Cross and On-Chain Metrics Signal Opportunity
Sep 15, 2021
• 10
Min Read
Key Takeaways
Ratios for $BTC and $ETH demonstrate a return to normal leverage levels.The current valuation of the Bitcoin network as a multiple of miner revenue is rebounding and is set for further expansion.Bitcoin supply continues to be constrained by long-term holders accumulating, while the Lightning Network further drives supply crunch. Ethereum supply trending higher again on the back of decreased NFT activity.Soft economic data will prolong the Fed’s dovish policies long enough for a risk-on rally to take place into the fall, benefitting risk-on assets such as Bitcoin and Ethereum in ...