Bitcoin MVRV Ratio Forms Bear Cross—Brace For Impact?

Description

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio has formed a cross that may be considered a bearish signal. Bitcoin MVRV Ratio Has Declined Under 200-Day SMA Recently As pointed out by analyst Ali Martinez in a new post on X, the Bitcoin MVRV Ratio has crossed below its 200-day simple moving average (SMA) recently. The “ MVRV Ratio ” refers to an on-chain indicator that measures the ratio between the BTC Market Cap and Realized Cap. The Realized Cap here is a capitali...