BITCOIN | NVT GOLDEN CROSS 📊Bitcoin is moving from deep undervaluation toward equilibrium, a phase that historically signals accumulation and healthier price discovery. NVT Golden Cross compares BTC market cap vs on-chain activity • Short-term NVT (SMA 100) vs long-term NVT (SMA 365) • Deep negative zone (-0.5 to -0.7) has historically marked capitulation & deep value • Every prior dip into this zone aligned with major bottoms or mid-cycle resets – 2018–19 bottom – March 2020 crash – 2021 reset – 2022 bear bottom • Price typically consolidates first, then trends higher over months • This is a macro accumulation signal, not a short-term pump trigger Source: CryptoQuant