As Bitcoin recovers to $94,000, the MVRV ratio (orange line) has bounced back to 2.12, approaching the key 365-day moving average (2.15). This level suggests that investors are now holding an average unrealized gain of +112%, historically a sign of strong market positioning.
Notably, if the 30-day moving average (30DMA, red line) decisively crosses above the 365DMA (blue line) in a golden cross, it could mark a clear signal of bullish momentum resuming—a pattern that also preceded major rallies in previous cycles (see green box).
While this setup is encouraging, continued monitoring of the MVRV trend is essential to confirm the strength and sustainability of the move.
Written by Yonsei_dent
