Bitcoin Records $75,000 All-Time High: Here’s If BTC Is ‘Overheated’ Now 📈
Bitcoin has attained a record high of $75,000, prompting analysts to examine whether it is currently "overheated" through the Bitcoin Market Value to Realized Value (MVRV) Ratio. The MVRV Ratio gauges the relationship between Bitcoin's market cap and its realized cap.
The realized cap models the asset by tracking the last transacted price of each coin, providing insight into the capital investors have put into Bitcoin compared to the current market cap, which indicates its present value.
When the MVRV is greater than 1, it signifies overall investor profit, while below 1 implies average holders are at a loss. The ratio has risen alongside Bitcoin's latest market rally but is currently at a level of 2, suggesting potential growth before nearing historical "overheated" levels around 3.
This trend indicates that as the MVRV ratio increases, investors may be inclined toward profit-taking, potentially affecting price momentum. Bitcoin's current trading level is at $74,100, marking a notable 8% increase over the past day.
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