Bitcoin Still Cooler Than a Cucumber, Despite the Hot Air

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Ah, the illustrious Bitcoin, that digital darling which has been tossing investors about since May 8, when it decided to nudge past the $100,000 mark. Many a hopeful soul envisioned a rally soaring higher than a kite on a windy day, aiming for the stratospheric $109,114, but alas, she’s playing hard to get, leading some to sniff that Bitcoin might be overselling its novelty. 🎩💸

NVT Golden Cross—The Market’s Thermostat, Not Yet Blown

But hold your horses! According to the wise and all-knowing CryptoQuant, the sniffing stick called the Network Value to Transaction (NVT) is still cool as a polar bear’s toenail. No signs of overheating—at least for now.

CryptoQuant reports, with a reassuring chuckle, that the Bitcoin NVT Golden Cross has clocked in at a modest 1.51 — far from the danger zone’s hot-headed 2.2. Think of it as a car’s temperature gauge, not yet ready to leap into the red zone, though it’s sporting a faint blush of rising interest.

NVT Golden Cross Doesn’t Signal Overheating Yet

“Historically, readings above 2.2 have signaled the beginning of overheated conditions. While we’re not there yet, the rising trend deserves attention.” – By @burak_kesmeci

— CryptoQuant.com (@cryptoquant_com) May 21, 2025

To clarify, this NVT thingy compares Bitcoin’s market cap with its transaction volume—think of it as checking whether the currency’s riding high on hype or actually worth its weight in gold. Although not infallible, an NVT above 2.2 has previously marked times where the coin was basically frolicking in the overheating meadow.

Meanwhile, our current pal, 1.51, suggests that while the parcel of enthusiasm is inching upwards, there’s no immediate cause for a panic—just keep your eyes peeled like a hawk in a henhouse.

Traders, be warned: stay vigilant or risk being caught with your pants down while guessing wildly about the crypto weather.

Bitcoin Fans Are More Fanatical Than Ever

Now, onto the pièce de résistance: investor appetite is growing faster than weeds after a spring rain. As reported by U.Today, the open interest in Bitcoin, that’s the amount of money betting on its continued rise, has hit a staggering $74 billion. That’s enough to buy half the pies in Pie Street. 🥧💰

Moreover, the big players—those institutional types—are jumping on the bandwagon, with Bitcoin ETFs pulling in a hefty $329.02 million on May 20 alone. It’s enough to make a bacteriologist burst into applause!

And to top it all, Bitcoin’s price has recently tiptoed up by 1.59%, landing at a cool $106,654.59 in the last 24 hours, showing that the old girl’s still got some spring in her step.

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2025-05-21 15:08