BlockBeats news, May 19, Matrixport shared its market analysis today stating, "The market value to realized value ratio bullish-bearish indicator launched by Matrixport has shifted back into the bullish zone. Although Matrixport's technical analysis and market outlook often lead on-chain data, it is still valuable to see these confirming indicators.
It is worth noting that it is not common for on-chain indicators to show a directional reversal in just a few weeks. However, this is not without precedent—similar situations occurred in 2020 when Matrixport identified it as a slowdown phase in a cycle.
Considering the current shift, if this indicator can maintain positive momentum, Bitcoin could indeed move towards new historical highs."
