Bitcoin NVT Shows Bearish Crossover, Price Drop Incoming?

On-chain data shows the Bitcoin Network Value To Transactions (NVT) ratio has formed a bearish crossover, a sign that a decline may be imminent.
Bitcoin NVT Ratio Has Formed A Historical Bearish Crossover
The “NVT ratio” is an indicator that measures the ratio between the Bitcoin market cap and transaction volume. In simple terms, what this metric tells us is whether the asset’s price (the market cap) is fairly valued compared to the network’s ability to transact coins (t