Bitcoin
Bitcoin (BTC)
$64,106.00 1.1494
Bitcoin price
Ethereum
Ethereum (ETH)
$3,090.42 0.87121
Ethereum price
BNB
BNB (BNB)
$559.83 1.88635
BNB price
Solana
Solana (SOL)
$144.56 3.22083
Solana price
XRP
XRP (XRP)
$0.5061180 0.63749
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000228 0.46688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 1.04185
Pepe price
Bonk
Bonk (BONK)
$0.0000150 2.08443
Bonk price
Bitcoin
Bitcoin (BTC)
$64,106.00 1.1494
Bitcoin price
Ethereum
Ethereum (ETH)
$3,090.42 0.87121
Ethereum price
BNB
BNB (BNB)
$559.83 1.88635
BNB price
Solana
Solana (SOL)
$144.56 3.22083
Solana price
XRP
XRP (XRP)
$0.5061180 0.63749
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000228 0.46688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 1.04185
Pepe price
Bonk
Bonk (BONK)
$0.0000150 2.08443
Bonk price
Bitcoin
Bitcoin (BTC)
$64,106.00 1.1494
Bitcoin price
Ethereum
Ethereum (ETH)
$3,090.42 0.87121
Ethereum price
BNB
BNB (BNB)
$559.83 1.88635
BNB price
Solana
Solana (SOL)
$144.56 3.22083
Solana price
XRP
XRP (XRP)
$0.5061180 0.63749
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000228 0.46688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 1.04185
Pepe price
Bonk
Bonk (BONK)
$0.0000150 2.08443
Bonk price
Bitcoin
Bitcoin (BTC)
$64,106.00 1.1494
Bitcoin price
Ethereum
Ethereum (ETH)
$3,090.42 0.87121
Ethereum price
BNB
BNB (BNB)
$559.83 1.88635
BNB price
Solana
Solana (SOL)
$144.56 3.22083
Solana price
XRP
XRP (XRP)
$0.5061180 0.63749
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000228 0.46688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 1.04185
Pepe price
Bonk
Bonk (BONK)
$0.0000150 2.08443
Bonk price
SirWin
SirWin
SirWin

Bitcoin MVRV at highest point since April 2022

bitcoin-mvrv-at-highest-point-since-april-2022
Edited by
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Markets
Bitcoin MVRV at highest point since April 2022

Bitcoin’s market value to realized value ratio has climbed to its highest level since early April 2022, potentially signaling that a long-term bottom is already in place for the cryptocurrency.

According to data from on-chain analytics firm Santiment, Bitcoin’s (BTC) market value to realized value (MVRV) ratio currently stands at 61.3% — its highest since April 2022. At the time, Bitcoin was trading around $43,000 after retreating from a local peak of approximately $48,000.

Bitcoin MVRV at highest point since April 2022 - 1
Bitcoin 10-year MVRV  Ratio | Source: Santiment

The MVRV ratio calculates Bitcoin’s market capitalization relative to its realized capitalization, representing all coins’ aggregate value at the price they last traded. High MVRV levels indicate Bitcoin’s market value is substantially above its realized value, suggesting possible overvaluation. Conversely, low MVRV levels signal Bitcoin is trading at a discount to its realized value, pointing to undervaluation and potential buying opportunities.

In addition to the rise in MVRV, Bitcoin’s MVRV Z-Score currently sits at 1.53 after departing the “buy zone” in January. The MVRV Z-Score utilizes standard deviation to identify extreme divergences between Bitcoin’s market value and realized value.

Bitcoin MVRV at highest point since April 2022 - 2
Bitcoin MVRV  Z-Score | Source: LookIntoBitcoin

Historically, sustained Z-Score levels above 1 have coincided with cycle tops, while moves into negative territory have aligned with market bottoms. The current rise in MVRV coupled with the Z-Score leaving oversold levels implies the bottom is likely already set. However, as with any indicator based on historical data, past performance does not guarantee future results.

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