The $66,700 Gordian Knot: Deconstructing Bitcoin's Transition Zone
MVRV whispers undervaluation, but price refuses to cut the knot at $66,700....
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Fear
Market Sentiment
Block reward halving event
92 million ARB released
Block reward reduced to 3.125 BTC
Circulating supply increases by about 2%
Improves data availability sampling efficiency
Raises validator limit and account abstraction
Team and early investor shares released
Independent validator client goes live on mainnet
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$63,097.4 |
| 1 |
Ethereum
ETH
|
$1,867.41 |
| 1 |
Solana
SOL
|
$72.94 |
| 1 |
BNB Chain
BNB
|
$579.6 |
| 1 |
XRP Ledger
XRP
|
$1.06 |
| 1 |
Dogecoin
DOGE
|
$0.0698 |
| 1 |
Cardano
ADA
|
$0.1732 |
| 1 |
Avalanche
AVAX
|
$6.36 |
| 1 |
Polkadot
DOT
|
$0.7693 |
| 1 |
Chainlink
LINK
|
$8.1 |