Bitcoin Strong Heart Injection! MVRV Turns Positive, Is This Market Really Ready to Take Off?
CryptoQuant Just Stated: Bitcoin's Annualized MVRV Has Returned to Positive Territory, Which Means —
The average cost of the chips bought in the past year is now below the current market price.
The pressure from panic selling is easing, most people have broken even or even made a profit, and no one is eager to cut losses and run.
The confidence of holders is steadily increasing, this is a typical 'critical point conversion': the market is shifting from 'fearful' to 'stable'.
In simple terms, this marks the entry of the market into a healthier upward cycle, until the speculative sentiment becomes overheated and profit-taking begins to drive the market down.
The trend is positive, don't panic, there's more to see ahead!
