[IntoTheBlock Researcher: Bitcoin MVRV ratio suggests that its price has not yet reached its historical peak] Golden Finance reported that Juan Pellicer, a senior researcher at IntoTheBlock, said that most crypto assets are not yet close to their historical high valuation range. For example, Bitcoin's highest MVRV ratio this year is around 2.64, while in the previous cycle, it was as high as 3.68. For many altcoins, the difference is even greater. Bitcoin, like other cryptocurrencies, has not yet reached a high valuation point, and despite bearish signs, continued retail participation may stabilize prices. The MVRV ratio shows that the sharp decline experienced recently provides a discount opportunity and gives Bitcoin a chance to grow.