Bitcoin Advanced NVT Indicates Sustained Bullish Momentum – More Information

On May 22, Bitcoin achieved a historic peak of $111,970. Subsequently, prices have seen a decline to approximately $108,000, primarily due to broader economic factors. In light of this situation, notable crypto analyst Burak Kesmeci predicts that the leading cryptocurrency will soon rebound and exceed this previous high, based on recent on-chain analytics.

Bitcoin Advanced NVT Remains Above Critical Threshold: Bullish Trend Appears Promising

The Advanced Network Value to Transactions (NVT) metric serves as an on-chain valuation tool, assessing Bitcoin’s market capitalization in relation to its daily USD transaction activity. This model helps determine whether an asset is priced appropriately based on its utilization.

Typically, elevated Advanced NVT values point to increased speculative behavior among investors, while consistent levels above crucial benchmarks are often associated with major market upswings. Burak Kesmeci noted in a post on May 24 that the Bitcoin Advanced NVT indicator has recently climbed above the +2 standard deviation (+2xSD), which is a historically significant marker indicating a robust bullish phase and strong investor optimism.

Historically, during Q4 of both 2023 and 2024, an Advanced NVT crossover above the +2xSD, highlighted in orange in the accompanying illustration, has functioned as a springboard for bullish movements, leading to prolonged upward trends.

Even though the Advanced NVT signal is currently showing a downward trend, Kesmeci asserts that as long as this metric remains above the +2xSD threshold, Bitcoin is likely to continue its upward trajectory, presenting a strong possibility for the cryptocurrency to explore new price levels in the near future.

Following its recent surpassing of the previous all-time high, Bitcoin is positioned to achieve ambitious price goals set by various market analysts. Nevertheless, macroeconomic conditions, particularly pertaining to US trade policy, continue to exert significant influence, posing risks of major downturns as observed since early 2025.

Bitcoin Market Snapshot

As of the latest update, Bitcoin is priced at $107,835, having increased by 4.02% over the past week and 15.37% in the last thirty days. Concurrently, daily trading volume has decreased by 31.58%, amounting to $45.94 billion.

Data from the blockchain analytics firm Sentora indicates that network fees for Bitcoin surged by 51.03%, reflecting a substantial rise in transactions and user engagement.

Additionally, exchange inflows totaled $184 million, which Sentora regards as “modest” compared to earlier weeks. This indicates that many investors chose to hold onto their BTC assets despite the recent all-time high, suggesting long-term confidence in the market.

With a market capitalization of $2.13 trillion, Bitcoin remains the largest cryptocurrency and ranks as the fifth most valuable asset globally.