Analysis: Bitcoin Market Value to Realized Value Ratio Returns to Bullish Range
According to Matrixport analysis, the bull-bear market indicator of the ratio of Bitcoin's market value to its realized market value has re-entered the bullish zone. This reversal in on-chain data is usually rare, with directional changes occurring within weeks. A similar situation occurred in 2020, which was considered a mid-cycle slowdown. Analysts point out that the current positive change in the indicator may signal that Bitcoin is poised to reach new all-time highs. Although technical analysis and market outlooks usually precede on-chain data, the emergence of confirmatory indicators still holds significant reference value. If this indicator can maintain positive momentum, Bitcoin prices may further break through.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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