$BTC

$ETH UPDATE SOME ON-CHAIN DATA $BTC 100K.

#ETHOnTheRise
UPDATE SOME ON-CHAIN DATA $BTC 100K.
Figure 1: Current MVRV is 1.4.
Point #MVRV (Market Value to Realized Value) is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The larger this index, the more dangerous it is, and at that point, the level of FOMO is at the peak of the growth cycle.
So what does that indicate?
For example: MVRV value > 3.5 generally serves as a strong signal for the late stage of the #bull market cycle and the potential for high #distribution or simply indicates a potential market peak.

Figure 2: Projected BTC price according to waves is 110K.
Figure 3: The market capitalization of ETF funds has now surpassed 50 billion dollars after 11 months.

Figure 4: The margin rate for current future trades is 71.44%.
(Note that the greater and more numerous the positive margin rate on exchanges, the more dangerous the LONG future leverage orders are).
Currently, there is a margin area for the top coins (dark yellow on the right).
If you find my analysis and sharing above valuable or useful as a reference, or if you have any other opinions, please share!
Last updated: Thursday, 05/12/24.
@Bitcoinboy-8686
(Personal analysis and sharing information, not financial advice)