Bitcoin NVT Golden Cross Signals Bullish Momentum as ETFs and Miners Fuel Rally

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Bitcoin’s NVT Golden Cross (NVT GC) at 0.14 points indicates a potential local bottom in the $69K-$70K range. This aligns with Bitcoin’s recent surge above $70K, bolstered by a massive $886 million net inflow into US Bitcoin ETFs, the second-highest ever.

Additionally, the Miners’ Position Index (MPI) shows miners are selling less, with a value of -1.1247, down 22.37% in 24 hours. This combination of reduced miner selling and substantial ETF inflows reinforces strong bullish sentiment, suggesting Bitcoin is poised for continued upward momentum.