nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgxm87efh934qwdkkngj6klr4k2de5wck92alcjl4x5edemg0c6a5gxlx94c
BITCOIN MINING ECONOMICS FLASH WARNING: PROFITABILITY NEARS 2022 STRESS LEVELS

https://i0.wp.com/img.cryptoquant.com/422679/quicktake/Iqkso_ea51eeea118796c50e53000d4c8160ede28512fa13288ee6e2ae5c29d2af5df9.png?resize=1280%2C720&ssl=1
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✍️  Bitcoin is navigating heightened volatility as it trades around a critical support zone, with market participants questioning whether the price is aligned with underlying network fundamentals.
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👉 The NVT Golden Cross indicator suggests that Bitcoin's price may be undervalued relative to on-chain activity
👉 The indicator fell to a historically depressed level, reflecting a structural undervaluation of the Bitcoin network
👉 The market is consolidating around the $88,000 level
👉 The 200-day moving average serves as a critical long-term trend support

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#Moreno #technology
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