📊 Has Bitcoin’s Bull Run Really Ended? On-Chain Data Suggests Otherwise
Market Snapshot:
BTC trades near $113,000, down ~6.5% this week and ~9% below its ATH.
Despite the pullback, on-chain MVRV ratio signals that the broader bull cycle may still have room to run.
MVRV Ratio Insights:
Current MVRV ≈ 2.1 → Neutral-to-bullish zone.
Historically, market tops form when MVRV = 3.5–4.
Analysts say BTC may need to reach $140K–$180K for MVRV to hit historic peak levels.
Key Takeaway:
✅ Short to mid-term corrections are possible.
✅ Long-term trend still favors upside as the market is not yet overheated.
Altcoin Flows on Binance:
Outflows (bullish accumulation): ENJ, FET.
Inflows (potential selling/speculation): ANKR, MATIC.
💡 Conclusion: Bitcoin remains in a healthy bull structure despite pullbacks. Watching MVRV trends & exchange flows can help spot both BTC cycle timing and altcoin opportunities.