Odaily Planet Daily News: Glassnode analysis indicates that although Bitcoin experienced an impressive rebound last year, the MVRV level for this cycle has not yet reached above 3.2 (which is a typical threshold for extreme excitement). If Bitcoin reaches this level, it would correspond to a price of approximately $132,000. Note: MVRV (Market Value to Realized Value) is an indicator that measures the market valuation of Bitcoin, calculated as MVRV = Market Value / Realized Value. A higher MVRV ratio indicates a higher market valuation, which may suggest a bubble; a lower MVRV ratio indicates a lower market valuation, which may suggest undervaluation.