cryptd.in

另类 LinkedIn 适合加密人才

Bitcoin Historically Bottoms Between These MVRV Levels—Where Are They Now?

-

由

cryptd.in
于

An analyst has highlighted how Bitcoin has consistently bottomed out between the 1.0 and 0.8 MVRV pricing bands during the past decade.

Bitcoin Still Hasn’t Breached Below 1.0 MVRV Band In This Cycle

在新的 邮寄 on X, analyst Ali Martinez has talked about historical Bitcoin bottoms from the perspective of the MVRV Pricing Bands. This is an on-chain pricing model for BTC that’s based on the popular Market Value to Realized Value (MVRV) Ratio.

The MVRV Ratio measures how the market cap of BTC, a representation of the value that investors are carrying in the present, compares against the Realized Cap, a proxy for the total capital invested into the cryptocurrency. In short, this indicator tells us about the profit-loss balance of BTC holders as a whole.

When the value of the MVRV Ratio is greater than 1.0, it means the average investor is currently holding a net unrealized profit. On the other hand, it being under the threshold implies the dominance of losses on the network.

Generally, the higher the investor profits get, the more likely they become to take part in profit-taking. Thus, tops can become more likely to occur as the MVRV Ratio diverges far above 1.0. Similarly, selling can reach exhaustion when the majority of the supply is underwater, implying bottoms may become probable at low MVRV levels.

Based on these behaviors, on-chain analytics firm Glassnode has created the MVRV Pricing Bands, which is a model that highlights Bitcoin price levels corresponding to certain key MVRV Ratio levels.

Below is the chart for the indicator shared by Martinez.

Bitcoin MVRV Pricing Bands

From the graph, it’s visible that the Bitcoin price has been trading below both the 2.4 and 3.2 bands for a while now. These levels, situated around $130,000 and $174,000, respectively, correspond to thresholds where profit realization risk becomes significant.

The cryptocurrency has faced bearish momentum recently, but its price has continued to hold above the 1.0 level. This means that despite the drawdown, the investors as a whole have remained in a state of net unrealized gain.

In the chart, the analyst has pointed out a pattern that Bitcoin has tended to follow with MVRV Pricing Bands. “Over the past decade, Bitcoin $BTC has consistently bottomed between the 1.0 and 0.8 MVRV Pricing Bands,” said Martinez. Currently, these levels sit near $54,000 and $43,000, respectively.

It now remains to be seen whether BTC will continue to go down in the near future and retest this historical bottoming zone, or the asset will find a low before it, breaking the pattern from the previous cycles. The coin has already broken one pattern this time: it hasn’t been able to breach the 3.2 level a single time.

BTC Price

At the time of writing, Bitcoin is trading around $73,000, up more than 6% over the past week.

Bitcoin Price Chart

评论

發佈留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

zh_TW 繁體中文
zh_TW 繁體中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (425) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (73) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (69) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (5) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。