📉 In 2021, the 365-day moving average of MVRV signaled the start of a bear market. 🔮 Current 2025 data shows a similar pattern, suggesting a potential peak around September 10th. This coincides with broader macroeconomic trends, including expectations of a Fed pause or rate cut.

However, remember: MVRV is a lagging indicator. The Bitcoin peak & reversal might come sooner - perhaps as early as late August. 🚨