One crypto analyst says Bitcoin’s just undergone one of the “healthiest market resets” he has seen in a long time.
Bitcoin (BTC) could be entering into an attractive buy zone according to two popular metrics used by cryptocurrency analysts to track on-chain trading activity.
The metrics, market value to realized value (MVRV) and the open interest (OI) weighted funding rate, could suggest Bitcoin is at an attractive entry point for traders.
“This is the best moment to buy Bitcoin,” pseudonymous trader Mister Crypto told his 94,100 X followers in an April 23 post on X.