Bitcoin (BTC) investor sentiment up to April 2, 2024

Published by
Raynor de Best,
Apr 3, 2024
Bitcoin's market sentiment was bullish in June 2022, as is shown in the development of the cryptocurrency's NVT ratio. The Network Value to Transactions or NVT ratio is somewhat comparable to a P/E ratio, in that it compares the number of transactions of a particular coin on a set day against that coin's market cap. A low NVT ratio means that that transaction volume of a cryptocurrency is growing faster than the coin's market cap - meaning investor sentiment is bullish, or optimistic - whereas a high ratio refers to a network that has a relatively high network value but low network activity - meaning sentiment is bearish, or negative.

NVT ratio - the market cap against the number of transactions on the blockchain - of Bitcoin (BTC) from January 1, 2021, to April 2, 2024

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Release date

April 2024

Region

Worldwide

Survey time period

January 1, 2021, to April 2, 2024

Special properties

NVT measures Network Value - or market cap in the crypto world - against Transactions - or network activity

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