$BTC sitting at $81.2K while realized price is only $53.8K.
MVRV at 1.51 means we're 51% above average cost basis across all coins. Not overheated, not undervalued—neutral zone.
Realized Mayer Multiple at 1.01 confirms price is basically tracking on-chain fundamentals. No euphoria, no capitulation.
This is a healthy consolidation phase. Market's not pricing in degen mania yet, but holders are comfortable. Watch for MVRV pushing 2+ for real froth.
MVRV at 1.51 means we're 51% above average cost basis across all coins. Not overheated, not undervalued—neutral zone.
Realized Mayer Multiple at 1.01 confirms price is basically tracking on-chain fundamentals. No euphoria, no capitulation.
This is a healthy consolidation phase. Market's not pricing in degen mania yet, but holders are comfortable. Watch for MVRV pushing 2+ for real froth.