Bitcoin’s MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal? Bitcoin’s price has been experiencing a gradual recovery on a micro level, showing a 1% increase over the past 24... Samuel Edyme6 days ago Bitcoin And S&P Decline Together, But Data Predicts A Turnaround ...
Charles Edwards (CE):NVT is often referred to as the Bitcoin version of a “PE Ratio” – a simple yardstick for relative value of the network. NVT is network value to transaction value. It is the ratio of Bitcoin’s U.S. dollar market capitalization to the 90-day average U.S. dolla...
The Market Value to Realized Value (MVRV) Ratio: A Market Temperature Gauge A second professional tool I use is the MVRV ratio - my go-to chart for identifying market cycles at our family office. Think of it as a thermometer for Bitcoin's market health – it tells us...
Bitcoin MVRV Ratio. Source: glassnode However, if we look at MVRV over a longer timeframe, we see that 90% of the time Bitcoin price was overvalued. Interestingly, this doesn’t mean that it was overvalued and the value of following the metric over time allows the user to determine on t...
We can plot the unrealized profit multiple held by long-term holders using the LTH-MVRV metric, which is a ratio between price and their cost basis. This ratio currently trades at 3.28, which falls between two historically significant threshold levels separating the following phases of a typical...