$BTC MVRV sitting at 1.53 right now.
For context: anything under 1.0 = blood in the streets, historically solid accumulation zone. We're at 1.53, so not screaming undervalued, but not overheated either.
MVRV tracks realized value vs market value. When it spikes above 3.0+, tops usually form. When it crashes below 1.0, bottoms print.
Right now? Mid-range. No euphoria, no capitulation. Just... range.
Watch for a move above 2.0 if we're heading into a real leg up, or a drop toward 1.0 if macro turns ugly.
For context: anything under 1.0 = blood in the streets, historically solid accumulation zone. We're at 1.53, so not screaming undervalued, but not overheated either.
MVRV tracks realized value vs market value. When it spikes above 3.0+, tops usually form. When it crashes below 1.0, bottoms print.
Right now? Mid-range. No euphoria, no capitulation. Just... range.
Watch for a move above 2.0 if we're heading into a real leg up, or a drop toward 1.0 if macro turns ugly.