๐ Understanding MVRV Ratio ๐
The MVRV Ratio is a powerful tool that compares the current market price of Bitcoin to the average purchase price ๐. This average purchase price is known as the Realized Price, which is essentially the average price people paid for their Bitcoin when they last moved it ๐.
๐ MVRV Ratio Breakdown:
- Above 1: Investors are in profit ๐ค
- Below 1: Investors are in loss ๐ฌ
๐ Current MVRV Ratio:
The current MVRV Ratio is 1.32 ๐, indicating that the average Bitcoin holder is sitting on a 32% profit ๐. This is similar to what we saw after the all-time high in April 2024, suggesting investors remain optimistic despite recent price drops ๐.
๐ What's Next?
Will the MVRV Ratio continue to indicate investor optimism? Stay tuned for further updates!
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