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Analysis: If Bitcoin's MVRV reaches 3.2, its price will reach around $132,000
According to GlassNode analysis, although Bitcoin performed well last year and the price rose sharply, the MVRV indicator has not yet reached the level of 3.2, which usually represents the extreme frenzy of the market. If the MVRV value of Bitcoin reaches 3.2, then the price of Bitcoin will reach about $132,000 based on the current realized market cap. MVRV levels: MVRV (Market Value to Realized Value) is a metric that measures the valuation of the Bitcoin market, calculated by MVRV = Market Cap...
2025-01-09 06:34:48
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