Bitcoin Finds Support As MVRV Ratio Reverts To Historic Average
The post Bitcoin Finds Support As MVRV Ratio Reverts To Historic Average appeared on BitcoinEthereumNews.com. Bitcoin ($BTC) has again entered a consolidation period, as the key market indicators suggest. The latest data from Glassnode points out that the investors are potentially recalibrating instead of capitulating, as mirrored by the Market Value to Realized Value ratio. The popular blockchain and crypto data intelligence company took to social media to share exclusive insights into Bitcoin’s current support level, as presented by the MVRV level. #Bitcoin‘s MVRV Ratio has pulled back to its long-term mean of 1.74, a key reset level historically associated with consolidation phases. This marks a cooling of unrealized gains, similar to the August 2024 unwind, and could serve as support if held. pic.twitter.com/HCYR8KSvaD — glassnode (@glassnode) May 5, 2025 Bitcoin MVRV Ratio Shows Support and Growing Investor Confidence at 1.74 Glassnode’s data reveals that Bitcoin’s Market Value to Realized Value (MVRV) ratio has again touched the 1.74 level as its long-term mean. The respective retracement is just like the publlback witnessed back in August last year. This analogously operated as a notable reset following an aggressive price action. Percent Supply Reaches 88%, Indicating Market Stability Based on the historical market statistics, the MVRV mean serves as a dependable technical and psychological support level. Glassnode’s analysis discloses the new price bounce as a key metric signifying investor confidence. It also underscores the speculative bubble may have vanished from the market. Hence, it clears the way for a relatively sustained accumulation phase. Moreover, the current price level of Bitcoin signals a resilience at the moment. Along with that, the Profit Oscillator’s Percent Supply is another factor that fortifies the market stability. At 88%. Specifically, Percent Supply is still in the profit zone. The respective metric plunged to the long-term ratio of 75% ahead of a sheer rebound, reflective the MVRV behavior. Interestingly, the losses are mostly…
The post Bitcoin Finds Support As MVRV Ratio Reverts To Historic Average appeared on BitcoinEthereumNews.com.
Bitcoin ($BTC) has again entered a consolidation period, as the key market indicators suggest. The latest data from Glassnode points out that the investors are potentially recalibrating instead of capitulating, as mirrored by the Market Value to Realized Value ratio. The popular blockchain and crypto data intelligence company took to social media to share exclusive insights into Bitcoin’s current support level, as presented by the MVRV level. #Bitcoin‘s MVRV Ratio has pulled back to its long-term mean of 1.74, a key reset level historically associated with consolidation phases. This marks a cooling of unrealized gains, similar to the August 2024 unwind, and could serve as support if held. pic.twitter.com/HCYR8KSvaD — glassnode (@glassnode) May 5, 2025 Bitcoin MVRV Ratio Shows Support and Growing Investor Confidence at 1.74 Glassnode’s data reveals that Bitcoin’s Market Value to Realized Value (MVRV) ratio has again touched the 1.74 level as its long-term mean. The respective retracement is just like the publlback witnessed back in August last year. This analogously operated as a notable reset following an aggressive price action. Percent Supply Reaches 88%, Indicating Market Stability Based on the historical market statistics, the MVRV mean serves as a dependable technical and psychological support level. Glassnode’s analysis discloses the new price bounce as a key metric signifying investor confidence. It also underscores the speculative bubble may have vanished from the market. Hence, it clears the way for a relatively sustained accumulation phase. Moreover, the current price level of Bitcoin signals a resilience at the moment. Along with that, the Profit Oscillator’s Percent Supply is another factor that fortifies the market stability. At 88%. Specifically, Percent Supply is still in the profit zone. The respective metric plunged to the long-term ratio of 75% ahead of a sheer rebound, reflective the MVRV behavior. Interestingly, the losses are mostly…
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