The post Legendary MVRV Ratio About To Death Cross appeared on BitcoinEthereumNews.com.

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio has recently been nearing in on a death cross formation. Bitcoin 30-Day MA MVRV Ratio May Be About To Cross Under 365-Day MA As explained by an analyst in a CryptoQuant Quicktake post, the MVRV Ratio is at risk of going through a death cross. The “MVRV Ratio” is a popular Bitcoin on-chain indicator that, in short, keeps track of how the value held by the investors (that is, the market cap) compares against the value put in by them (the realized cap). Related Reading When the value of this metric is greater than 1, it means the investors as a whole are in a state of net profit right now. On the other hand, it being under this threshold suggests the dominance of loss in the market. Naturally, the MVRV Ratio being exactly equal to 1 implies the BTC holders are carrying exactly as much value as they initially put in, so they are just breaking-even. Now, here is a chart that shows the trend in the Bitcoin MVRV Ratio, as well as its 30-day and 90-day moving averages (MAs), over the past few years: The two MAs appear to have come together in recent weeks | Source: CryptoQuant As displayed in the above graph, the Bitcoin MVRV Ratio had shot up to pretty high levels back in March when the cryptocurrency’s price had rallied to a new all-time high (ATH). But as investors have taken their profits and sold during the long consolidation phase that has followed since then, the indicator has gone down. That said, the indicator is still at a value of 1.88, which indicates the market cap is nearly twice the realized cap. Thus, the investors should still be quite comfortable. What can…

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Filed under: News - @ August 22, 2024 5:15 am