The post Bitcoin MVRV Data Shows Price Below Historical Peak Zones appeared on BitcoinEthereumNews.com.

TLDR Bitcoin currently trades below the “extreme euphoria” threshold of $132,400 according to Glassnode’s MVRV Pricing Bands Historical data shows BTC spent only 5% of trading days above the 3.2 MVRV level, marking rare peak periods Current Bitcoin price at $93,400 sits between the 2.4 ($99,300) and 3.2 ($132,400) MVRV bands Bear market bottoms typically form around the 0.8 pricing band ($33,100) Average investor cost basis sits at $41,300 (1.0 MVRV level) Bitcoin currently trades at $93,400, but according to new data from on-chain analytics firm Glassnode, the cryptocurrency hasn’t yet reached the extreme euphoria levels that typically mark market peaks. This insight comes from analysis of Bitcoin’s Market Value to Realized Value (MVRV) Pricing Bands, a model that helps track market sentiment and potential price turning points. The MVRV ratio compares Bitcoin’s current market value against the value investors initially put into the market. This metric serves as a key indicator of market conditions, helping identify potential market tops and bottoms. When the ratio exceeds 1, investors hold more value than their initial investment, indicating overall market profits. Glassnode’s analysis reveals several key price levels in their MVRV Pricing Bands model. The current Bitcoin price sits between two important bands: the 2.4 level at $99,300 and the 3.2 level at $132,400. Historical data shows that the 2.4 level often indicates a heating market, while the 3.2 level typically signals extreme market optimism. The data becomes particularly interesting when looking at Bitcoin’s historical performance above the 3.2 MVRV level. According to Glassnode, Bitcoin has spent only about 5% of its trading days above this threshold, highlighting the rarity of such peak periods in the market. Despite #Bitcoin‘s impressive rally last year, MVRV levels above 3.2 – the typical threshold for extreme euphoria – haven’t been reached this cycle. If #BTC…

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Filed under: News - @ January 10, 2025 3:27 pm