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I was analyzing the Bitcoin chart and noticed something interesting about the MVRV levels. According to Ali Martinez, historically we see BTC find its bottoms when MVRV is between 1.0 and 0.8, which corresponds to a very specific price range. These levels are usually near $54,000 and $43,000.
The cool thing is that now Bitcoin is trading around $78,000, with a 5.4% increase in the last week. We are still well above that critical MVRV level of 1.0, which means most holders still have unrealized gains. The MVRV ratio basically shows whether investors are overall in profit or loss.
What stands out most is that we haven't yet reached that MVRV level of 3.2, which indicates a serious risk of profit-taking. So, MVRV is still signaling room before heavier selling pressure. It's interesting to watch how this evolves in the coming days.