🔥 THE ULTIMATE ON-CHAIN SIGNAL REVEALED 🔥
This is the indicator that has nailed four market cycles for bottom and top zones. Forget the noise.
⚠️ MVRV Z-Score Explained: It measures the divergence between current Market Value and the true holder cost basis, Realized Value.
• Market Value: Driven by FOMO, leverage, and external news. Highly volatile.
• Realized Value: Calculated using the last known price when each
$BTC last moved. This is the true cost basis.
When Z-Score hits the red/pink zone: Market is euphoric. Holders are deep in profit. Distribution time.
When Z-Score hits the green zone: Long-term holders are underwater. Accumulation phase begins.
This is how you track real conviction in
$BTC .
#OnChain #BTC走势分析 #CryptoAlpha #MVRVZScore 📈