CryptoQuant analyst CryptoZeno evaluated the current state of Bitcoin using the MVRV indicator. According to his assessment, long-term holders are not rushing to take profits, indicating a reload in valuation rather than a cycle peak. The MVRV indicator for holders with a period of six months to ten years shows compression to levels characteristic of past periods of overvaluation correction.

This could mean the market is preparing for a new phase rather than a peak. A decline in MVRV may signal a correction, but not a crash. These indicators are important for traders who follow long-term trends and are trying to determine entry or exit points.

For traders: It is recommended to consider MVRV signals when planning strategies. If the indicator shows a reload, it could be a signal to buy or hold a position. Trading bots configured to respond to such signals can help automate the process and improve results.

Read the original on BeInCrypto RU

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  • #automation
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