Bitcoin's MVRV Ratio Returns to Positive, Indicating Market Recovery

According to BlockBeats, CryptoQuant analyst Axel stated on social media that Bitcoin's annualized real MVRV (Market Value to Realized Value ratio) has returned to positive territory. This shift indicates that the average cost price of all tokens purchased over the past year is now below the current market price. The pressure from panic selling is diminishing as most holders are now in profit, reducing the need to sell at a loss. Confidence among Bitcoin holders is steadily increasing source: https://www.binance.com/en/square/post/23695981299082?utm_source=BinanceNewsRSS