According to BlockBeats, CryptoQuant analyst Axel stated on social media that Bitcoin's annualized real MVRV (Market Value to Realized Value ratio) has returned to positive territory. This shift indicates that the average cost price of all tokens purchased over the past year is now below the current market price. The pressure from panic selling is diminishing as most holders are now in profit, reducing the need to sell at a loss. Confidence among Bitcoin holders is steadily increasing. This 'critical point transition' coincides with a market recovery phase, signaling the start of a more sustainable price growth cycle. This trend is expected to continue until speculative premiums accumulate to a level that prompts holders to take profits.

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