Bitcoin Top In Yet? What The Legendary MVRV Ratio Says
Summary
The Bitcoin MVRV ratio, which compares market cap to realized cap, surged during the recent rally but has now declined to around 2.34. A ratio above 3 historically predicts price peaks, indicating potential selloffs as investors seek to capitalize on high profits. Currently, Bitcoin is trading at around $67,200, up 3% in the past 24 hours.
