The MVRV Ratio, which measures investors' average unrealized profit, has recently tested its all-time average of 1.72. This level historically marks the transition between macro #bull and bear market trends, with 51% of trading days closing above this mean.
The current #MVRV suggests investor profitability has reset to equilibrium, indicating that the excitement following the #ETF launch has fully subsided. This equilibrium state could potentially signal a pivotal moment in market sentiment and future price direction.
