MVRV and CQ Bull & Bear Metrics Indicate Market Poised for Key Developments

Both the MVRV ratio and the CQ Bull & Bear indicator are currently hovering just below their respective 365-day moving averages, signaling a period of market anticipation. The MVRV ratio stands at 1.90, slightly below its SMA365 of 2.03, while the CQ Bull & Bear (SMA365) is at 0.46, with the Bull (SMA30) at -0.04.

Since July 2024, the MVRV ratio has been oscillating around its 365-day moving average, with the CQ Bull & Bear indicator following a similar pattern since August 2024. Neither metric has seen a decisive breakout, indicating a market in a holding pattern.

As the impact of macroeconomic and geopolitical events wanes, the market is likely to regain direction. Notably, once the rate-cut cycle gathers momentum and the Federal Reserve initiates quantitative easing, we may witness strong bullish moves.