$BTC sitting at $80,283 while Realized Price is only $54,049
MVRV: 1.49
Realized Mayer Multiple: 1.01
This gap tells you most holders are still in profit, but we're not in euphoria territory yet. Realized price = average cost basis of all coins. When spot price runs 48% above that, it's healthy appreciation without froth.
MVRV at 1.49 means market cap is 49% above realized cap. Historically, tops form above 3.0+. We've got room.
Realized Mayer Multiple at 1.01 = spot price barely above the 200-day MA of realized price. Neutral-to-bullish zone.
TLDR: On-chain structure is clean. No overheating. No panic. Just steady accumulation playing out.
MVRV: 1.49
Realized Mayer Multiple: 1.01
This gap tells you most holders are still in profit, but we're not in euphoria territory yet. Realized price = average cost basis of all coins. When spot price runs 48% above that, it's healthy appreciation without froth.
MVRV at 1.49 means market cap is 49% above realized cap. Historically, tops form above 3.0+. We've got room.
Realized Mayer Multiple at 1.01 = spot price barely above the 200-day MA of realized price. Neutral-to-bullish zone.
TLDR: On-chain structure is clean. No overheating. No panic. Just steady accumulation playing out.
