The Bitcoin Market Value to Realized Value (MVRV) Ratio trend suggests a potential peak in the current cycle is still ahead. IntoTheBlock, a market intelligence platform, explores the historical pattern of the Bitcoin MVRV Ratio. This ratio compares the cryptocurrency's market cap with its realized cap, where the former represents the total valuation at the current price and the latter estimates the cost basis of all BTC tokens. A ratio above 1 indicates investor profit, while below signifies losses. The MVRV Ratio spiked during the recent ATH, signaling increased profits and a possible market top. However, the current ratio remains lower compared to previous bull runs, indicating a potential for further growth. Despite some correction, Bitcoin is currently trading around $60,600, showing resilience in the face of market fluctuations. Read more AI-generated news on: https://app.chaingpt.org/news