MVRV at 1.20 — basically we're sitting right at realized price. Not overheated, not capitulated. This is neutral zone territory.
Historically, sub-1.5 MVRV has been accumulation range. We're not in euphoria, but we're also not in blood-on-the-streets panic.
$BTC holders: realized gains are minimal right now. Market's coiled, not extended. Watch for momentum shift.
Historically, sub-1.5 MVRV has been accumulation range. We're not in euphoria, but we're also not in blood-on-the-streets panic.
$BTC holders: realized gains are minimal right now. Market's coiled, not extended. Watch for momentum shift.