YFI behind the scene of a DeFi rally
Assets covered: Yearn Finance (YFI)
Metrics used: Exchange Inflow, MVRV, Mean Coin Age, Mean Dollar Invested Age, Active Addresses, Holders Distribution
YFI has been looking quite good just a couple of weeks ago, as we covered. But despite many DeFi tokens surging, Yearn Finance went sideways and even down. Any chances today in YFI?
Exchange Inflow
Signs of potential holder capitulation: last two spikes marked bottoms. And there's also a spike yesterday right in the middle of correction. May be it's too early and too small, we would probably like a price drop to get sharper.
MVRV
YFI is relatively young token, so we are applying 180 and 90 days time bound MVRV:
What we see here is that long term holders are still in profit. Both MVRV charts are above zero but far from highest toppish levels. Ideally
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