Bitcoin's current MVRV metric indicates that the cryptocurrency has not yet reached an overheating phase, suggesting further upside potential. The MVRV, a crucial onchain metric, helps assess whether Bitcoin is overvalued or undervalued. As the market cycle advances, the rate of increase typically slows due to rising market capitalization. Historically, the market tends to overheat when the MVRV value approaches 3. This analysis underscores a cautiously optimistic outlook for Bitcoin, highlighting its potential for growth while acknowledging the natural deceleration in its upward trajectory.