📈🤔 #BTC Sentora: Although Bitcoin is now trading comfortably above $100k, its MVRV ratio is only 2.25; still far below previous cycle peaks, even after factoring in the indicator’s long-term downward drift.
This indicates the market still isn't as overheated as it was during earlier peaks.
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📈🤔 #BTC Sentora: Although Bitcoin is now trading comfortably above $100k, its MVRV ratio is only 2.25; still far below previous cycle peaks, even after factoring in the indicator’s long-term downward drift.
This indicates the market still isn't as overheated as it was during earlier peaks.