$BTC sitting at $83,977 while realized price is only $53,493.
MVRV at 1.57 means average holder is up 57% — not euphoric yet, but solid accumulation zone passed.
Realized Mayer Multiple at 1.00 = we're trading exactly at the average cost basis of all coins moved on-chain. Historically, this is where smart money reloads before the next leg up.
Not overheated. Not capitulated. Just coiling.
MVRV at 1.57 means average holder is up 57% — not euphoric yet, but solid accumulation zone passed.
Realized Mayer Multiple at 1.00 = we're trading exactly at the average cost basis of all coins moved on-chain. Historically, this is where smart money reloads before the next leg up.
Not overheated. Not capitulated. Just coiling.
