Here's what happened when Bitcoin's long-term holders last triggered this exact MVRV momentum crossover.
Too many traders wait for price confirmation and end up chasing after the move is already 50% done. They miss the accumulation phase because on-chain data feels distant until the charts explode.
This metric tracks unrealized profits for holders who haven't sold in over 155 days. Crossing above the 365-day average has been a reliable tell in past cycles.
Take 2020. The signal flashed around $11,000 and $BTC proceeded to climb over 500% in the next year. 2019 saw a comparable crossover that delivered a 180% move before the next leg down.
Today the setup looks similar but with extra fuel from institutional products. $ETH on-chain strength is trailing, and $SOL still needs more confirmation from its own holders. History suggests these moments reduce the odds of another brutal washout.
Where do you think this signal takes $BTC if it confirms in the coming weeks?
#Bitcoin #OnChain #Crypto
Too many traders wait for price confirmation and end up chasing after the move is already 50% done. They miss the accumulation phase because on-chain data feels distant until the charts explode.
This metric tracks unrealized profits for holders who haven't sold in over 155 days. Crossing above the 365-day average has been a reliable tell in past cycles.
Take 2020. The signal flashed around $11,000 and $BTC proceeded to climb over 500% in the next year. 2019 saw a comparable crossover that delivered a 180% move before the next leg down.
Today the setup looks similar but with extra fuel from institutional products. $ETH on-chain strength is trailing, and $SOL still needs more confirmation from its own holders. History suggests these moments reduce the odds of another brutal washout.
Where do you think this signal takes $BTC if it confirms in the coming weeks?
#Bitcoin #OnChain #Crypto