CryptoQuant analysts recently disclosed that Bitcoin’s Market Value to Realized Value ratio shows that the price is yet to reach its cycle peak.
This indicates that Bitcoin (BTC) is consolidating and awaiting more uptrends as market momentum peaks.
However, Bitcoin Futures Open Interest (OI) data shows decreasing momentum amid an intense market sell-off.
The Bitcoin Price 100-Day MVRV Indicator
According to CryptoQuant, Bitcoin Price’s MVRV 100-day-moving average currently stands at 2.14. The MVRV ratio is an optimized indicator for detecting market tops and bottoms.
The onchain market data platform compared the current figure to previous performance.
According to the analysis, the MVRV ratio for Bitcoin reached a value of 3 at the market top in the past two cycles.
Comparing the current MVRV value to those recorded in the past suggests there is room for more runs.
100-day moving average of MVRV: Bitcoin has not yet reached the top price of this cycle
“MVRV metric
We współpracy z: https://www.thecoinrepublic.com/2025/01/10/bitcoin-price-mvrv-indicator-shows-cycle-top-not-attained/
