Overheated (warm colors): MVRV trading price above +1SD

Temperature too low (cool colors): MVRV trading price below -1SD

Bitcoin's price recently broke through the +1σ range, standing at $895,000. This indicates that investors are currently holding statistically significant unrealized profits and suggests an increased likelihood of profit-taking.

However, historically, the market tends to remain in this overheated state for extended periods, especially when there is enough capital inflow to absorb selling pressure.