MVRV and CQ Bull & Bear Metrics Show Market Ready for Major Developments

- These critical on-chain indicators are trading just below their 365-day moving averages, indicating that the market is in a holding pattern.

- MVRV Ratio: 1.90

- SMA365 (MVRV): 2.03

- CQ Bull & Bear (SMA365): 0.46

- Bull (SMA30): -0.04

- Since July 2024, the MVRV ratio and the CQ Bull & Bear indicator have been fluctuating around their 365-day averages since August 2024.

- As the impact of macroeconomic and geopolitical events diminishes, the market is expected to find direction.

- Strong bullish movements are likely to be seen as the rate cut cycle accelerates and the Federal Reserve begins monetary expansion.