Bitcoin's recent price correction has raised speculation about the future of the bull run and what the next move might be. The NVT Golden Cross metric, which measures the relationship between market capitalization and transaction volume, has recently turned positive. However, analysts caution that this shift is not necessarily bullish and traders should be cautious. If the NVT Golden Cross climbs to 2.2, it could indicate that Bitcoin's valuation exceeds its utility, potentially leading to a "reversion to the mean" and opportunities for short positions. Funding rates and excessively leveraged positions have also contributed to the price decline. However, there may be signs of a reversal, with the TD Sequential presenting a buy signal on the hourly chart.



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