SignalQuant
MVRV at a critical support line!
MVRV is one of the most effective indicators that can identify long-term highs and lows in Bitcoin price. The indicator, the ratio of BTC's market cap to its realized cap, is interpreted as a buy signal when it is below 1.0 and a sell signal when it is above 3.7. The value we need to remember besides 1.0 and 3.7 is 1.2, and historically, 1.2 has been an important support line, meaning that when the MVRV supported 1.2, its price went up, and when it did not, its price went down. The current MVRV value is 1.27, which is good news if it holds 1.2, but a sign of a significant pullback in price if it doesn’t.