MVRV signals: Bitcoin is at risk of a 'second hump' and a correction by September
📉 The MVRV (Market Value to Realized Value) ratio is once again indicating market overheating. According to analysts, its current trajectory resembles the scenario of 2021 when Bitcoin formed the so-called 'second hump of the camel' — a local peak before a deep pullback.
📆 Key dates:
If the pattern repeats, a trend reversal could occur as early as the end of August – by September 10.
🔍 Why this is important:
— MVRV above 1.8 — a signal of overvaluation, profits are being taken by whales and early investors
— A similar signal preceded the drop of BTC from $69K in 2021
— The current structure of the BTC chart and the behavior of large holders repeat the same cycle
⚠️ Conclusion:
Investors should be prepared for a potential correction in the second half of Q3. Even if BTC holds above the $110–115K level, the historical dynamics of MVRV indicate an increased risk of overheating and profit taking.
