MVRV
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💥💥💥 #bitcoin☀️ #MVRV Ratio At Make-Or-Break Test: Will Support Hold?
Bitcoin MVRV Ratio Retests Key Level: What It Means for BTC
On-chain data reveals that the Bitcoin Market Value to Realized Value (MVRV) ratio is currently retesting a historically significant level.
Current MVRV Ratio Analysis
The Bitcoin MVRV ratio is retesting its 365-day simple moving average (SMA), a level that has previously acted as a crucial psychological benchmark. This ratio compares the market capitalization of Bitcoin (market value) to the value investors originally paid (realized value).
- MVRV Ratio Above 1: Indicates that investors are in profit. When the ratio is significantly above 1, it often signals a potential market top as profit-taking becomes more appealing.
- MVRV Ratio Below 1: Suggests that investors are at a loss, with potential market bottoms often occurring in this range as selling pressure diminishes.
- MVRV Ratio Equal to 1: Signifies that investors are breaking even on their investments.
Historical Context
The chart of the MVRV ratio & its 365-day SMA shows that the ratio has been declining since Bitcoin's all-time high (ATH) in March, reflecting the bearish momentum that has followed. Investor profits, which were substantial during the rally, have decreased with the recent price drop, although the ratio is still around 1.8, indicating that investors remain in profit overall.
Historically, the 365-day SMA has acted as an important support level during bullish trends. If the MVRV ratio falls below this line, it could signal a transition to a bearish phase for Bitcoin.
Current Situation
Bitcoin’s price has only partially recovered from its recent decline & is currently trading around $56,900. The ongoing retest of the MVRV ratio at the 365-day SMA could be a critical factor in determining Bitcoin's near-term price direction. If the ratio holds above this level, it may suggest potential for recovery. Conversely, a drop below this level could indicate a prolonged bearish period.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareTalks
Bitcoin MVRV Ratio Retests Key Level: What It Means for BTC
On-chain data reveals that the Bitcoin Market Value to Realized Value (MVRV) ratio is currently retesting a historically significant level.
Current MVRV Ratio Analysis
The Bitcoin MVRV ratio is retesting its 365-day simple moving average (SMA), a level that has previously acted as a crucial psychological benchmark. This ratio compares the market capitalization of Bitcoin (market value) to the value investors originally paid (realized value).
- MVRV Ratio Above 1: Indicates that investors are in profit. When the ratio is significantly above 1, it often signals a potential market top as profit-taking becomes more appealing.
- MVRV Ratio Below 1: Suggests that investors are at a loss, with potential market bottoms often occurring in this range as selling pressure diminishes.
- MVRV Ratio Equal to 1: Signifies that investors are breaking even on their investments.
Historical Context
The chart of the MVRV ratio & its 365-day SMA shows that the ratio has been declining since Bitcoin's all-time high (ATH) in March, reflecting the bearish momentum that has followed. Investor profits, which were substantial during the rally, have decreased with the recent price drop, although the ratio is still around 1.8, indicating that investors remain in profit overall.
Historically, the 365-day SMA has acted as an important support level during bullish trends. If the MVRV ratio falls below this line, it could signal a transition to a bearish phase for Bitcoin.
Current Situation
Bitcoin’s price has only partially recovered from its recent decline & is currently trading around $56,900. The ongoing retest of the MVRV ratio at the 365-day SMA could be a critical factor in determining Bitcoin's near-term price direction. If the ratio holds above this level, it may suggest potential for recovery. Conversely, a drop below this level could indicate a prolonged bearish period.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareTalks
📊 $BTC #MVRV -Z has now retraced from the typical early bull cycle runup area (red zone) to the typical cool-off area, where new support levels are usually set (green zone).
😱🚀🚀Analytics Firm Declares These Are Altcoins in Buy Zone
In a new post on X, Santiment talked about what the various assets in the cryptocurrency sector are looking like right now based on their Market Value to Realized Value (#MVRV ) ratios. The MVRV ratio is an indicator that keeps track of the profit/loss status of the addresses on any given network.
When the value of this indicator is greater than 1, it means the investors are carrying a net amount of profits right now. On the other hand, the metric under this threshold implies the dominance of losses in the market.
Related Reading: Crypto Analyst Says Next Bitcoin Target Is $78,700 If BTC Breaks This Resistance
Naturally, the MVRV ratio being exactly equal to 1 suggests the unrealized loss on the network is exactly equal to the unrealized profit, so the average holder could be considered just breaking even.
Historically, corrections have become more probable when investor profits have ballooned up. Holders become more tempted to sell the larger their gains grow. Similarly, holders getting underwater has facilitated bottom formations, as sellers become exhausted during such conditions.
Based on these facts, Santiment has developed an Opportunity and Danger Zone Model that uses the MVRV ratio’s divergence on different timeframes to estimate better whether an asset is currently providing a buying or selling window.
Now, here is the chart shared by the analytics firm that shows where the different altcoins stand according to this model:
Note that in this model, the zero mark takes the role of the neutral 1 level from the MVRV ratio. Also, the polarity is flipped here, with values under zero implying profit dominance and those above signifying loss.
The graph shows that most of the altcoins are in the positive region right now, suggesting that their investors are underwater. Among these, Basic Attention Token (#BAT ), Chromia ($CHR ), and Highstreet ($HIGH ) particularly stand out as their MVRV divergence exceeds the 1 mark.
#CHR #HIGH #altcoins
In a new post on X, Santiment talked about what the various assets in the cryptocurrency sector are looking like right now based on their Market Value to Realized Value (#MVRV ) ratios. The MVRV ratio is an indicator that keeps track of the profit/loss status of the addresses on any given network.
When the value of this indicator is greater than 1, it means the investors are carrying a net amount of profits right now. On the other hand, the metric under this threshold implies the dominance of losses in the market.
Related Reading: Crypto Analyst Says Next Bitcoin Target Is $78,700 If BTC Breaks This Resistance
Naturally, the MVRV ratio being exactly equal to 1 suggests the unrealized loss on the network is exactly equal to the unrealized profit, so the average holder could be considered just breaking even.
Historically, corrections have become more probable when investor profits have ballooned up. Holders become more tempted to sell the larger their gains grow. Similarly, holders getting underwater has facilitated bottom formations, as sellers become exhausted during such conditions.
Based on these facts, Santiment has developed an Opportunity and Danger Zone Model that uses the MVRV ratio’s divergence on different timeframes to estimate better whether an asset is currently providing a buying or selling window.
Now, here is the chart shared by the analytics firm that shows where the different altcoins stand according to this model:
Note that in this model, the zero mark takes the role of the neutral 1 level from the MVRV ratio. Also, the polarity is flipped here, with values under zero implying profit dominance and those above signifying loss.
The graph shows that most of the altcoins are in the positive region right now, suggesting that their investors are underwater. Among these, Basic Attention Token (#BAT ), Chromia ($CHR ), and Highstreet ($HIGH ) particularly stand out as their MVRV divergence exceeds the 1 mark.
#CHR #HIGH #altcoins
MVRV Z-Score Mid-Cycle Correction
Chart Insight:
When I shared my previous analysis at the local high, there were doubters saying "this time is different." Yet again, the MVRV Z-Score has found mid-cycle resistance in the 2-3 zone and has corrected, following the pattern seen in previous cycles. 🤔
Why does this matter?
The MVRV Z-Score is a powerful metric that has historically signaled resistance levels and corrections in crypto cycles. This mid-cycle correction is consistent with what we've seen before, emphasizing the significance of understanding market patterns.
Takeaway:
Patterns often repeat in financial markets, and the MVRV Z-Score remains a valuable indicator to watch.
#buythedip #BTC #fomc #BinanceLaunchpool #MVRV $BTC $ETH $SOL
Chart Insight:
When I shared my previous analysis at the local high, there were doubters saying "this time is different." Yet again, the MVRV Z-Score has found mid-cycle resistance in the 2-3 zone and has corrected, following the pattern seen in previous cycles. 🤔
Why does this matter?
The MVRV Z-Score is a powerful metric that has historically signaled resistance levels and corrections in crypto cycles. This mid-cycle correction is consistent with what we've seen before, emphasizing the significance of understanding market patterns.
Takeaway:
Patterns often repeat in financial markets, and the MVRV Z-Score remains a valuable indicator to watch.
#buythedip #BTC #fomc #BinanceLaunchpool #MVRV $BTC $ETH $SOL
🎢 $BTC #Glassnode : Every time the Bitcoin #MVRV Ratio falls below its 90-day average since November 2022, it signals a prime BTC buying opportunity with an average gain of 67%.
This opportunity is upon us again, indicating it might be the perfect time to buy BTC.
This opportunity is upon us again, indicating it might be the perfect time to buy BTC.
🚨 Bitcoin's MVRV (Market Value to Realized Value) score has recently fallen to 2.32, a decline of 6.45% since the beginning of April.
This indicator helps determine whether $BTC is overvalued or undervalued relative to its "fair" market value.
Typically, an #MVRV score above 3.5 suggests the market might be nearing a peak, while a score below 1 indicates a potential bottom, suggesting more favorable buying conditions.
Currently, the MVRV levels suggest there is room for potential growth over the next year, although the opportunities may not be as significant as those seen two years ago.
#BitcoinPrediction #BitcoinMVRV #TrendingTopic
This indicator helps determine whether $BTC is overvalued or undervalued relative to its "fair" market value.
Typically, an #MVRV score above 3.5 suggests the market might be nearing a peak, while a score below 1 indicates a potential bottom, suggesting more favorable buying conditions.
Currently, the MVRV levels suggest there is room for potential growth over the next year, although the opportunities may not be as significant as those seen two years ago.
#BitcoinPrediction #BitcoinMVRV #TrendingTopic
📈 MVRV Hits 2-Year High: A Potential Turning Point?
The MVRV (Market Value to Realized Value) has surged to a 2-year high, historically signaling a potential local top before the initiation of a robust bull market that propels BTC prices to new All-Time Highs.
This development could be indicative of a pivotal moment in the market, and investors and traders will be closely monitoring the MVRV for further insights into Bitcoin's potential trajectory. Stay tuned for updates as the situation unfolds. 📊🚀
Image Source : Crypto Quants
$BTC
#BitcoinAnalysis #MarketIndicators #CryptoInsights #BTC #MVRV
The MVRV (Market Value to Realized Value) has surged to a 2-year high, historically signaling a potential local top before the initiation of a robust bull market that propels BTC prices to new All-Time Highs.
This development could be indicative of a pivotal moment in the market, and investors and traders will be closely monitoring the MVRV for further insights into Bitcoin's potential trajectory. Stay tuned for updates as the situation unfolds. 📊🚀
Image Source : Crypto Quants
$BTC
#BitcoinAnalysis #MarketIndicators #CryptoInsights #BTC #MVRV
🤔 #IntoTheBlock : #MVRV , or Market Value to Realized Value, compares an asset's purchase value to its total market capitalization.
The MVRV indicator for Pendle, a protocol facilitating the tokenization and trading of future yields, has spiked to 4.26.
Additionally, the coin has experienced a 53% increase in the last 30 days.
Historically, an MVRV above 3 suggests a selling point. Whether this trend holds true for $PENDLE remains to be seen, only time will tell.
The MVRV indicator for Pendle, a protocol facilitating the tokenization and trading of future yields, has spiked to 4.26.
Additionally, the coin has experienced a 53% increase in the last 30 days.
Historically, an MVRV above 3 suggests a selling point. Whether this trend holds true for $PENDLE remains to be seen, only time will tell.
Could Bitcoin Experience a Rapid 50% Surge in 2024? 🚀
#Bitcoin , currently at $42,246, shows signs of a potential surge, with a historical pattern in the market value to realized value (MVRV) metric resembling past bull markets.
The #MVRV deviation from the mean suggests a possible rebound, echoing previous patterns observed in 2016 and 2020, leading to all-time highs. A recent bounce from the mean MVRV at $40,500 indicates the potential for Bitcoin to reach $60,000.
Additionally, a decrease in #stablecoin supply ratio (SSR) by 80% from its all-time high three months ago raises expectations for a BTC price uptick.
Despite challenges, Ichimoku Cloud analysis sustains an overall bullish narrative, with resistance observed after a retreat from the $49,000 high in January. Some caution is advised, as trader CryptoCon emphasizes the need for clear evidence of market shift despite optimism surrounding ETF releases.
#Binance
#crypto2024
#Bitcoin , currently at $42,246, shows signs of a potential surge, with a historical pattern in the market value to realized value (MVRV) metric resembling past bull markets.
The #MVRV deviation from the mean suggests a possible rebound, echoing previous patterns observed in 2016 and 2020, leading to all-time highs. A recent bounce from the mean MVRV at $40,500 indicates the potential for Bitcoin to reach $60,000.
Additionally, a decrease in #stablecoin supply ratio (SSR) by 80% from its all-time high three months ago raises expectations for a BTC price uptick.
Despite challenges, Ichimoku Cloud analysis sustains an overall bullish narrative, with resistance observed after a retreat from the $49,000 high in January. Some caution is advised, as trader CryptoCon emphasizes the need for clear evidence of market shift despite optimism surrounding ETF releases.
#Binance
#crypto2024
An expert has pointed out the potential for #Bitcoin to rise significantly after #consolidating above $27,900. This price level aligns with the #MVRV indicator concerning short-term market participants, as analyzed by CryptoQuant's analyst Maartunn. The specialist has highlighted the historical correlation between these two parameters. After surpassing the resistance level represented by MVRV_STH, significant waves of growth have been observed. Bitfinex analysts have noted the continued decrease in the number of coins held by speculators to levels not seen in almost eight years. In contrast, hodlers have increased the number of coins in their wallets to a new record.
"The gap has widened over the past couple of weeks. Many short-term holders have either made minimal profits or minimized losses as the Bitcoin price returned to $28,500 [comparable to the average 'cost' level]," they explained.
Experts have examined various market cycle indicators and concluded that digital gold has overcome its bottom. One of these indicators is the dominance of stablecoins (their total market value compared to the overall market capitalization). The reduction in the supply of stablecoins suggests their conversion into digital assets, according to analysts. Currently, the metric has dropped into the range of 11-11.4%, which has historically signaled subsequent Bitcoin recoveries. This signal reinforces the forecast of increased volatility, according to specialists. An expected approval of a Bitcoin spot #ETF by the #SEC could serve as a potential rally driver. Matrixport estimates that investors could channel $20-30 billion into the new product.
Analysts have emphasized that, at present, the market capitalization of digital gold is equivalent to 10.8% of its physical counterpart. Market participants have invested approximately $200 billion in the latter's exchange-traded funds.
Experts have also justified their forecast by highlighting Bitcoin's lack of confiscation risk compared to precious metals.$BTC
"The gap has widened over the past couple of weeks. Many short-term holders have either made minimal profits or minimized losses as the Bitcoin price returned to $28,500 [comparable to the average 'cost' level]," they explained.
Experts have examined various market cycle indicators and concluded that digital gold has overcome its bottom. One of these indicators is the dominance of stablecoins (their total market value compared to the overall market capitalization). The reduction in the supply of stablecoins suggests their conversion into digital assets, according to analysts. Currently, the metric has dropped into the range of 11-11.4%, which has historically signaled subsequent Bitcoin recoveries. This signal reinforces the forecast of increased volatility, according to specialists. An expected approval of a Bitcoin spot #ETF by the #SEC could serve as a potential rally driver. Matrixport estimates that investors could channel $20-30 billion into the new product.
Analysts have emphasized that, at present, the market capitalization of digital gold is equivalent to 10.8% of its physical counterpart. Market participants have invested approximately $200 billion in the latter's exchange-traded funds.
Experts have also justified their forecast by highlighting Bitcoin's lack of confiscation risk compared to precious metals.$BTC
😱 #Santiment warn about possible $BTC correction!
#MVRV indicator = 19.57% - since February 2021, every time it crossed the 18% threshold, BTC declined by 24-55%.
#MVRV indicator = 19.57% - since February 2021, every time it crossed the 18% threshold, BTC declined by 24-55%.
📈 On-Chain Data Insights: BTC Recovery & Bull Market Confirmation:
1️⃣ Short-Term (1d-6m):
Historical bear market: Price below 1D-6M Avg. Realized Price (resistance).Short-Term MVRV: Bull-Bear boundary, positive near it.
2️⃣ Medium-Term (6m-2y):
Confirming bull market: $BTC needs accumulation to break Medium-Term Avg. Realized Price (resistance).Medium-Term MVRV: Bearish-Bullish indicator.
📊 Current Data:
STH Avg Price: $28K
#MVRV : 1.04 Med-term Avg Price: $30.3K
MVRV: 0.96
🔍 Market Analysis: Similar to 2015-2016 recovery. #BTC needs accumulation for bull market confirmation, watch short-term data.
#bullmarket #Altcoins #Ethereum
$ETH $LTC
1️⃣ Short-Term (1d-6m):
Historical bear market: Price below 1D-6M Avg. Realized Price (resistance).Short-Term MVRV: Bull-Bear boundary, positive near it.
2️⃣ Medium-Term (6m-2y):
Confirming bull market: $BTC needs accumulation to break Medium-Term Avg. Realized Price (resistance).Medium-Term MVRV: Bearish-Bullish indicator.
📊 Current Data:
STH Avg Price: $28K
#MVRV : 1.04 Med-term Avg Price: $30.3K
MVRV: 0.96
🔍 Market Analysis: Similar to 2015-2016 recovery. #BTC needs accumulation for bull market confirmation, watch short-term data.
#bullmarket #Altcoins #Ethereum
$ETH $LTC
🎢 $MATIC Ali Martinez: The 30-day, 365-day, and #MVRV Z-Score Ratios for Polygon are all in the negative, indicating that now might be the perfect time to buy into the MATIC dip.
- #crypto analyst PlanB notes Bitcoin's increasing strength in a recent tweet.
- Bitcoin's Relative Strength Index (RSI) is rising and currently at 50, indicating positive momentum.
- PlanB mentions the Market Value to Realized Value ( #MVRV ) ratio moving into the green zone.
- The MVRV ratio has reached a value of 29.5k, around 1.5 times Bitcoin's previous all-time high of 20k.
- PlanB suggests #bitcoin aims to enter the yellow area of the MVRV ratio, roughly 1.75 times the previous all-time high or about $35,000.
- The MVRV ratio compares #market value to realized value, offering insights into asset conditions, such as overvaluation or undervaluation.
- Moving into the yellow area indicates Bitcoin's value is based on #fundamentals rather than speculation, implying a more sustainable price trajectory.
$BTC $ETH $BNB
- Bitcoin's Relative Strength Index (RSI) is rising and currently at 50, indicating positive momentum.
- PlanB mentions the Market Value to Realized Value ( #MVRV ) ratio moving into the green zone.
- The MVRV ratio has reached a value of 29.5k, around 1.5 times Bitcoin's previous all-time high of 20k.
- PlanB suggests #bitcoin aims to enter the yellow area of the MVRV ratio, roughly 1.75 times the previous all-time high or about $35,000.
- The MVRV ratio compares #market value to realized value, offering insights into asset conditions, such as overvaluation or undervaluation.
- Moving into the yellow area indicates Bitcoin's value is based on #fundamentals rather than speculation, implying a more sustainable price trajectory.
$BTC $ETH $BNB
📈 $LINK #Santiment : Each time Chainlink #MVRV 30-Day Ratio has dropped below -12.24% since August 2022, it's signaled a prime buying opportunity, averaging 50% returns.
Currently, LINK MVRV 30-Day Ratio stands at -17.54%. This could be another chance to buy the LINK dip!
Currently, LINK MVRV 30-Day Ratio stands at -17.54%. This could be another chance to buy the LINK dip!
On-Chain Data Insights: Bitcoin's Recovery Phase and Bull Market Confirmation
Introduction:
In the world of cryptocurrency, skepticism and fear of uncertainties are common. However, ignoring fundamental on-chain data would be a mistake. Let's examine two crucial on-chain datasets, the MVRV (Market Value to Realized Value) and Average Realized Price, to gain insights into Bitcoin's current market phase.
Short-Term Supply Groups (1 day to 6 months):
a. Historical Bear Market Behavior:
During bear markets, #Bitcoin market price consistently remains below the 1D-6M Average Realized Price, acting as absolute resistance. Conversely, during recovery phases transitioning to a bull market, this level becomes a solid support, aiding in price recovery.
b. Short-Term MVRV (1D-6M) Indicator:
The Short-Term #MVRV (1D-6M) acts as the boundary between bullish and bearish sentiment. Whenever Bitcoin's price approaches this indicator, positive responses are observed, reinforcing its significance in price movements.
Medium-Term Supply Groups (6 months to 2 years):
a. Confirming Bull Market Phases:
Similar to short-term analysis, the Medium-Term Average Realized Price plays a crucial role in confirming bull markets. For Bitcoin to enter a #BullMarket officially, it requires a sufficient accumulation period to gather momentum and break through this mid-term resistance.
b. Medium-Term MVRV (6M-2Y) Indicator:
As with its short-term counterpart, the Medium-Term MVRV (6M-2Y) indicator serves as the boundary separating bearish and bullish conditions.
Current Market Analysis:
At present, we observe similarities between the current market phase and the recovery phase around late 2015 and early 2016. For Bitcoin to solidify its return to a bull market, it needs a prolonged accumulation period to overcome the medium-term average realized price resistance.
On-Chain Data:
Short-Term Supply Group Data:
STH Avg Realized Price: $28,000
STH MVRV: 1.04
Medium-Term Supply Group Data:
Medium-term Avg Realized Price: $30,300
Medium-term MVRV: 0.96
Conclusion:
Considering the historical behavior of Bitcoin's market phases based on the MVRV and Average Realized Price, the current data indicates a potential recovery phase and an impending return to the bull market. However, a sustained accumulation period is necessary to gain enough momentum to overcome the medium-term resistance. Monitoring short-term data for positive responses can provide additional insight into Bitcoin's price movements during this crucial juncture. As always, on-chain data should not be ignored as it provides valuable insights into the cryptocurrency market's underlying fundamentals.
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Thank you.
Source:- CryptoQuant
#googleai #Binance
$BTC $ETH $SOL
In the world of cryptocurrency, skepticism and fear of uncertainties are common. However, ignoring fundamental on-chain data would be a mistake. Let's examine two crucial on-chain datasets, the MVRV (Market Value to Realized Value) and Average Realized Price, to gain insights into Bitcoin's current market phase.
Short-Term Supply Groups (1 day to 6 months):
a. Historical Bear Market Behavior:
During bear markets, #Bitcoin market price consistently remains below the 1D-6M Average Realized Price, acting as absolute resistance. Conversely, during recovery phases transitioning to a bull market, this level becomes a solid support, aiding in price recovery.
b. Short-Term MVRV (1D-6M) Indicator:
The Short-Term #MVRV (1D-6M) acts as the boundary between bullish and bearish sentiment. Whenever Bitcoin's price approaches this indicator, positive responses are observed, reinforcing its significance in price movements.
Medium-Term Supply Groups (6 months to 2 years):
a. Confirming Bull Market Phases:
Similar to short-term analysis, the Medium-Term Average Realized Price plays a crucial role in confirming bull markets. For Bitcoin to enter a #BullMarket officially, it requires a sufficient accumulation period to gather momentum and break through this mid-term resistance.
b. Medium-Term MVRV (6M-2Y) Indicator:
As with its short-term counterpart, the Medium-Term MVRV (6M-2Y) indicator serves as the boundary separating bearish and bullish conditions.
Current Market Analysis:
At present, we observe similarities between the current market phase and the recovery phase around late 2015 and early 2016. For Bitcoin to solidify its return to a bull market, it needs a prolonged accumulation period to overcome the medium-term average realized price resistance.
On-Chain Data:
Short-Term Supply Group Data:
STH Avg Realized Price: $28,000
STH MVRV: 1.04
Medium-Term Supply Group Data:
Medium-term Avg Realized Price: $30,300
Medium-term MVRV: 0.96
Conclusion:
Considering the historical behavior of Bitcoin's market phases based on the MVRV and Average Realized Price, the current data indicates a potential recovery phase and an impending return to the bull market. However, a sustained accumulation period is necessary to gain enough momentum to overcome the medium-term resistance. Monitoring short-term data for positive responses can provide additional insight into Bitcoin's price movements during this crucial juncture. As always, on-chain data should not be ignored as it provides valuable insights into the cryptocurrency market's underlying fundamentals.
Follow us for More Quality Analysis.
Thank you.
Source:- CryptoQuant
#googleai #Binance
$BTC $ETH $SOL
