The crypto market is currently showing signs of instability, with the 100-day MVRV indicator signaling a potential for significant change. Historical analysis shows that when the MVRV reaches a value of 3, the market tends to be at a top. Currently, the MVRV is at 2.14, indicating that Bitcoin may be preparing to reach a top in the coming months.
While the crypto market is generally under pressure, this indicator provides hope for Bitcoin investors. With the potential for price increases, Bitcoin could be an attractive option amidst market uncertainty.