ETF资金流

Bitcoin has officially entered "uncharted territory"! In early trading today, the price of BTC soared to $111,800, breaking the $109,600 record set in January, and the market value exceeded $2.2 trillion. Although bulls are strongly in control, market sentiment has not entered a frenzied range. Analysts warn that short-term risks of a callback still need to be guarded against, as the long-term trend depends on the game between short-term holders (STH) and ETF speculators.
Crypto analyst Axel Adler points out that the sustainability of this round of market trends is closely related to the STH MVRV (market value to realized value ratio) indicator. Currently, the indicator has not yet broken through the +1 standard deviation "green line threshold". Typically, levels above this are considered a "super rebound" signal.