$BTC MVRV sitting at 1.48 🟢

For context: anything under 1.0 historically screams accumulation zone. We're above that but not overheated yet.

MVRV tracks market cap vs realized cap — basically shows if holders are in profit or pain. Right now? Mild profit territory. Not euphoric, not capitulation.

Watch for:
• Push above 2.0 = retail FOMO incoming
• Drop under 1.0 = blood in streets, time to stack

Still room to run before things get frothy.