Bitcoin MVRV Key Support Level, Bull-Bear Watershed?
The Bitcoin MVRV ratio has dropped to 1.74, right at the long-term average—historically, this often marks the period of market 'consolidation'.
This means unrealized profits are cooling down, similar to the liquidation wave in August 2024, with the market undergoing deep washing.
If this policy truly comes into effect, it could very well become a catalyst for Bitcoin's next move. Short-term traders need to be vigilant and not be deceived by the superficial fluctuations, as the real sense of direction is about to arrive.
