Crypto News

Understanding Bitcoin's Current Market Situation Bitcoin's market movements have been a hot topic lately, with many investors wondering if the bull run is over or if there's still room for growth. According to Woo, there are a few key factors to keep an eye on to gauge the health of the market and determine where it may be headed next. The Role of Network Momentum One of the key metrics that Woo looks at is network momentum, which measures the amount of on-chain activity on the Bitcoin network. This includes things like the number of transactions and the amount of value being transferred. When network momentum is high, it is a sign of a healthy and active network, which is typically associated with bullish market conditions. On the other hand, low network momentum can be an indication of a bearish market sentiment. The Importance of Market Cap to Thermocap Ratio Another factor that Woo considers is the market cap to thermocap ratio, which compares Bitcoin's mar...