BTC's MVRV ratio below previous bull market cycle peaks... plenty of upside left
“BTC's short-term investor MVRV (realized value to market value) ratio peaked at 2.64 this year, below the previous cycle highs of 4.35 (2017 peak) and 3.7 (2021 peak),” said CryptoBasic, citing data from crypto market data analytics platform Into the Block. The on-chain data suggests that BTC is...
“BTC's short-term investor MVRV (realized value to market value) ratio peaked at 2.64 this year, below the previous cycle highs of 4.35 (2017 peak) and 3.7 (2021 peak),” said CryptoBasic, citing data from crypto market data analytics platform Into the Block. The on-chain data suggests that BTC is currently in the middle of its bull cycle and still has room to move higher.” On CoinMarketCap, BTC is trading down 2.06% at $60,574.57.
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