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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Advanced NVT Shows No Signs Of Slowing Bullish Momentum – Details

Semilore Faleti
Semilore Faleti
1 hour ago
3 mins read
Bitcoin

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Este artículo también está disponible en español.

On May 22, Bitcoin registered a new all-time high at $111,970. Since then, market prices have retraced to around $108,000, largely influenced by macroeconomic pressures. Following this development, prominent crypto analyst Burak Kesmeci backs the premier cryptocurrency to soon return and surpass this current all-time high, based on recent on-chain data.

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Bitcoin Advanced NVT Holds Above Key Level: Bullish Continuation Remains In Play

The Advanced Network Value to Transactions (NVT) metric is an on-chain valuation model that compares Bitcoin’s market cap to its daily USD transaction volume. It is used to evaluate whether an asset is overvalued or undervalued relative to usage. 

Generally, higher Advanced NVT values indicate heightened investor speculation, while sustained levels above key thresholds have often coincided with major bull runs. According to Burak Kesmeci in an X post on May 24, the Bitcoin Advanced NVT signal has recently crossed above the +2 standard deviation (+2xSD), a historically significant boundary that signals a period of bullish market strength and robust investor confidence.

As seen in Q4 2023 and Q4 2024, an advanced NVT crossover above the +2xSD highlighted in orange in the image below has previously served as a launchpad for bullish continuations, resulting in extended periods of upward momentum.

Bitcoin
Source: @burak_kesmeci on X

Although the Advanced NVT signal is presently turned downward, Kesmeci explains that as long as this metric remains above the +2xSD level, Bitcoin is likely to maintain its uptrend, indicating there is strong potential for the cryptocurrency to enter new price territory in the coming weeks. 

With Bitcoin surpassing its former all-time high in the past week, the premier cryptocurrency continues to look likely to attain the lofty price targets being set by several market analysts. However, macroeconomic factors, most notably US trade policy, remain a major influence capable of inducing significant setbacks as seen since the start of 2025.

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Bitcoin Market Overview

At press time, Bitcoin is trading at $107,835 following price gains of 4.02% and 15.37% in the past seven and thirty days, respectively. Meanwhile, the market’s daily trading volume is down by 31.58% and valued at $45.94 billion.

According to data from blockchain analytics firm Sentora, the Bitcoin network experienced a 51.03% increase in network fees, signaling a significant rise in transactions and user activities.

Meanwhile, exchange inflows were valued at $184 million, which Sentora has described as “mild” relative to previous weeks. This development indicates that many investors opted against selling their BTC holdings despite a new all-time high, signaling long-term market confidence.

With a market cap of $2.13 trillion, Bitcoin continues to rank as the largest cryptocurrency and the fifth-largest asset in the world.

Bitcoin
BTC trading at $107,817 on the daily chart | Source: BTCUSDT chart on Tradingview.com
Featured image from iStock, chart from Tradingview
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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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