Bitcoin Long-Term MVRV Remains In ‘Opportunity’ Zone: Data
On-chain data shows the 365-day Bitcoin MVRV Ratio has recently been sitting deep inside the negative zone, implying long-term buyers are underwater. Bitcoin MVRV Ratio Suggests 1-Year Holders Still In Pain In a new post on X, on-chain analytics firm Santiment has talked about how the short-term and long-term Bitcoin returns have been looking from the perspective of the Market Value to Realized Value (MVRV) Ratio. This indicator keeps track of the ratio between the Market Cap of BTC and its Realized Cap. Related Reading: Bitcoin STH Profit-Taking Ramps Up As Price Breaks $74,000 The Market Cap here is simply the total value of the Bitcoin circulating supply at the current spot price
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