𝐈𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐔𝐑𝐑𝐄𝐍𝐓𝐋𝐘 𝐒𝐈𝐆𝐍𝐀𝐋𝐈𝐍𝐆 𝐀 𝐂𝐘𝐂𝐋𝐄 𝐏𝐄𝐀𝐊?
Bitcoin nears making another new all-time high, but the #MVRV ratio indicates it’s not the market top yet.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚𝐧 𝐌𝐕𝐑𝐕 𝐒𝐜𝐨𝐫𝐞?
It’s used to assess whether #bitcoin is overvalued or undervalued relative to the average price at which coins last moved on-chain.
This cycle still shows Bitcoin is undervalued and has more room for growth.
NOTE: MVRV is just one indicator. #market peaks are influenced by multiple factors including macro conditions, liquidity, and investor sentiment.
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