Bitcoin's MVRV Indicator Signals Potential Market Peak

According to BlockBeats, on November 12, IntoTheBlock released an analysis revealing that Bitcoin's Market Value to Realized Value (MVRV) ratio currently stands at 2.36. Historically, values ranging from 2.6 to 5 have often corresponded with market peaks. However, it is noted that the peak values for each cycle have been gradually decreasing over time. This trend suggests that the MVRV ratio... source: https://www.binance.com/en/square/post/16141029904226?utm_source=BinanceNewsRSS