Bitcoin annualized adjusted MVRV has moved into the ~1.0 range, according to analyst reports, indicating the 30‑day short‑term average is converging with the 365‑day annual mean. This alignment reflects synchronized movements in the metric’s numerator and denominator as recent rally‑driven volatility and profit‑taking cool while the year‑long average still embeds prior upside. The resulting flat annualized basis suggests the market is digesting gains rather than reversing trend: risk appears to be reallocating from shorter‑term to longer‑term holders, with no evidence of systemic panic selling. Market participants should treat the current dynamic as a consolidation phase within the bull framework and monitor short‑term flow and on‑chain liquidity over coming weeks for confirmation of directional conviction.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024