$BTC sitting at $86k while realized price is still $53k.
MVRV at 1.61 means we're in profitable territory but not euphoric yet. Historically, tops form around 3.0+.
Realized Mayer Multiple at 1.00 = price is exactly at the average cost basis of all coins moved on-chain. This is a neutral zone—not overheated, not capitulation.
Translation: Market is healthy. Plenty of room to run if macro cooperates. Not the time to panic, not the time to ape blindly either.
Watch liquidity flows and funding rates. If MVRV pushes past 2.0 with no correction, that's when things get spicy.
MVRV at 1.61 means we're in profitable territory but not euphoric yet. Historically, tops form around 3.0+.
Realized Mayer Multiple at 1.00 = price is exactly at the average cost basis of all coins moved on-chain. This is a neutral zone—not overheated, not capitulation.
Translation: Market is healthy. Plenty of room to run if macro cooperates. Not the time to panic, not the time to ape blindly either.
Watch liquidity flows and funding rates. If MVRV pushes past 2.0 with no correction, that's when things get spicy.
