The one-month VRP has collapsed to 2.5% from 15% since the Bitcoin blockchain implemented mining reward halving on April 20, according to data tracked by Bitfinex's analysts... The significant narrowing of the VRP indicates a realignment of market expectations to a more stable and predictable environment post-halving.
BTC and ETH's one-month VRP has declined sharply, indicating a more predictable and stable post-halving market... uncertainty has ebbed and market participants foresee more predictable market conditions.
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