MVRV-Score signals that #Bitcoin is far from its top, whenever we hit the blue region, $BTC saw its bottom. Whenever we hit the red region of the MVRV, Bitcoin saw its top! Now check the MVRV level that is slighlty above the level of 2, this is far away from top level!

MVRV-Z Score = (circulation market capitalization - realized market capitalization) / Standard Deviation (circulation market capitalization)