CryptoQuant's latest insights show that as of May 2, the annualized realized MVRV (Market Value/Realized Value Ratio) of Bitcoin has rebounded into positive territory. This significant shift indicates that the average acquisition cost of Bitcoin over the past year is lower than its current market valuation. Consequently, panic selling pressure has notably eased, and the vast majority of holders are currently in profit, reducing the need for forced liquidations. The enhanced sentiment among holders suggests an increase in market confidence. This 'turning point shift' aligns with the recent recovery phase, signaling the beginning of a more sustainable price growth cycle. Analysts state that this trend will continue until speculative premiums reach higher levels, at which point holders may choose to realize their accrued profits.
