BTC is currently entering the "overly optimistic" range, and the MVRV indicator warns of adjustment risks
CryptoChan2024/11/21 04:01
By:CryptoChan
According to the latest on-chain data, Bitcoin (BTC) based on the analysis of the MVRV indicator (historical cumulative average plus or minus multiple times Standard Deviation), currently scores 70.6 and enters the "overly optimistic" range. This indicator divides the market sentiment into eight stages: extreme panic, caution, neutrality, optimism, and greed by dividing it into a range of "-1σ to + 2σ" and combining it with oscillation indicators. The data shows that when the oscillation value is greater than 100, it is usually "extremely greedy" and it is recommended to gradually escape the top, while < 0 corresponds to "extreme panic" and is often a signal of bear market bottom fishing.
The current high score indicates that market sentiment is trending towards overheating and there may be adjustment pressure. Investors need to closely monitor future market trends, maintain risk awareness, and respond to possible fluctuations.
7
7
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ‘bear market’ confirmed: Watch these BTC price levels next
Cointelegraph•2025/11/05 17:15
Bitcoin price rebound stops at $103K with 30% of BTC supply 'underwater'
Cointelegraph•2025/11/05 17:15
Ethereum erases its 2025 gains: Is ETH price headed to $2.2K next?
Cointelegraph•2025/11/05 17:15
Is dropping below $100,000 just the beginning? Bitcoin "whales" have dumped $4.5 billions in one month, and the sell-off may continue until next spring
This wave of sell-offs may continue until next spring, and bitcoin could further drop to 85,000 dollars.
ForesightNews•2025/11/05 16:42
