Bitcoin Market Value to Realized Value Ratio at 1.50
Realized price is the average price of $BTC as last moved on-chain.
Current relative on-chain valuation is in the 39th percentile of historical readings.
As the MVRZ moves closer to 1, sellers are most likely unwilling to let go of their coins because is it not profitable. For an investor's perspective the lower the MVRV ratio is the better it is to accumulate.
Credits to: Dylan LeClair
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