The cryptocurrency market is in a delicate technical territory: the MVRV Z-Score marks +0.6, suggesting a phase of moderate buying strength, without yet entering overheating territory.
📊 What does this mean?
The MVRV Z-Score indicator measures whether an asset is overvalued or undervalued by comparing its market capitalization and its realized capitalization.
With a value of +0.6, we are in a bullish equilibrium zone, far from panic... but also far from total euphoria.
🔍 KEY ANALYSIS DETAILS
🧠 Profitability of short-term holders:
➤ 83% are in profit → Possibility of sales for profit-taking if BTC approaches $110,000.
💹 Current BTC price range:
➤ Between $104,000 and $110,000, with a general upward trend.
🔐 Market confidence:
➤ High among short-term holders, but with a risk of pullback if a wave of selling is triggered.
✅ Thorough summary from the technical perspective:
The market still has bullish muscle, but the proximity to the high range could attract profit-taking.
As long as the MVRV Z-Score does not exceed +1, we remain in a healthy phase, although each rise becomes more fragile.
