Glassnode: Bitcoin MVRV Ratio Heats Up, Market May Still Have Upside Potential
Foresight News reports that according to glassnode analysis, the current Bitcoin (BTC) MVRV ratio is 2.4, situated between the +0.5σ ($100,200) and +1σ ($119,400) bands, indicating that the market is nearing overheating but still has room for growth.
Analysts point out that although this range typically signals the formation of a local top, Bitcoin has not yet broken through the critical +1σ MVRV range—a level historically triggering large-scale profit-taking. Analysts note that continuous ETF fund inflows and institutional investor accumulation are supporting Bitcoin prices. Despite the emergence of retail FOMO sentiment, large-scale profit-taking has not yet occurred. Experts suggest closely monitoring the +1σ MVRV range, as this level has historically triggered investor behavior of "too good to sell" profit realization.
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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