Following another impressive weekly performance, Bitcoin prices are currently trading above the psychologically relevant $100,000 mark. The flagship cryptocurrency reached $103,800, the highest price level since January 2025. However, the latest on-chain data suggests that BTC prices may be in the make or break season.
Is the BTC Parabolic Rally on the horizon?
Crypto analyst Burak Kesmeci has leveraged social media platform X to reveal that Bitcoin Advanced Network Value to Transaction (NVT) metrics have exceeded critical thresholds. According to online experts, this on-chain development suggests a potential change in market dynamics, which could ultimately affect the price of BTC.
Advanced NVT metrics are a sophisticated version of traditional NVT indicators, which calculate the ratio of network values (market capitalization) by volumes (USD) transferred daily via the blockchain. This advanced network value for transaction metrics helps you better understand extreme evaluation criteria.
Therefore, if the advanced NVT metric exceeds its long-term moving average by two or more (2xSD), it means that the growth of BTC’s market capitalization is not correlated with blockchain volume. Historically, this phenomenon has often preceded either an extension of price increases or sometimes a severe market correction.
According to data shared by Kesmeci, Bitcoin Advanced NVT is above the 2xSD threshold, even if it doesn’t exceed this level. Analysts said the indicators have not spent long periods above 2XSD unless Bitcoin is on the crisis of rising parabolic prices.
Kesmeci pointed out:
However, parabolic gatherings can move much higher than 4XSD. This happened previously in the ETF rally after Spot ETF approval.
Furthermore, Kesmeci highlighted that while history suggests that Bitcoin Advanced NVT above 2xSD is an abnormality that often precedes the rally, it is not set on stone that the indicator needs to lose 2xSD levels. Therefore, investors may want to take a closer look at this BTC metric. This is because the best cryptocurrencies are currently at a critical time, and they can define their long-term trajectory.
Bitcoin price at a glance
In the past week, BTC prices have regained their six-figure valuation for the first time since losing the $100,000 level in February. At the time of this writing, the market leader is located just above the $103,100 mark, reflecting a 0.5% jump over the last 24 hours. However, in the weekly time frame, Bitcoin’s value has risen by more than 6%.
ISTOCK featured images, TradingView chart
