The MVRV Z-Score, a key on-chain metric, is a reliable tool for identifying market risk based on Bitcoin's realized value, effectively pinpointing high-risk and low-risk zones for long-term investment and dollar-cost averaging (DCA). The metric recently indicated a significant peak at the $72,000 range, previously observed near Bitcoin's all-time high in November 2021. Despite the current market risk being perceived as lower, the $72,000 range remains a short-term market ceiling.

For long-term investors, particularly those using a DCA strategy, it's crucial to exercise patience within these zones (specifically within the 3-4 range of the MVRV Z-Score) and optimize entry points. These zones are identified as high-risk areas, but cannot be definitively labeled as price ceilings.

The MVRV Z-Score has multiple applications. In low-risk areas, investors can accumulate, and as market risk increases, they can proceed with managed selling or add to their average investment during price corrections. Using this metric and others derived from Realized Cap, such as Realized Price and MVRV Ratio, are optimal tools for investing and estimating actual risk in the Bitcoin market.