The Market Value to Realized Value (MVRV) Ratio reveals growing investor profitability as Bitcoin's price rises. By comparing the current MVRV value to its yearly moving average, we can observe an acceleration in potential paper gains.
While this trend typically supports continued market momentum, it also increases the likelihood of investors selling to realize their profits. This delicate balance between potential gains and profit-taking could significantly influence Bitcoin's near-term price movement. $BTC