The MVRV ratio of Bitcoin at $BTC has returned to positive, indicating market recovery

According to a report from BlockBeats, CryptoQuant analyst Axel stated on social media that the annualized actual MVRV (Market Value to Realized Value ratio) of Bitcoin has returned to positive. This change indicates that the average cost price of all tokens purchased in the past year is now below the current market price. As most holders are now in profit, the pressure for panic selling is easing, thus reducing the demand for selling at a loss. The confidence of Bitcoin holders is steadily increasing. This 'turning point' coincides with the market recovery phase, signaling the beginning of a more sustainable price growth cycle. This trend is expected to continue until the speculative premium accumulates to a level that prompts holders to take profits.