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 reduced to 3.125 BTC
Team and early investor shares released
Block reward halving event
Improves data availability sampling efficiency
Raises validator limit and account abstraction
92 million ARB released
Independent validator client goes live on mainnet
Circulating supply increases by about 2%
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 |