The MVRV ratio of Bitcoin falls to the lowest annual levels – is this the final purchase sign?

According to Cryptoquant, the current cryptocurrency market is in a state of wealth after a strong correction. Bitcoin Holdings witnessed a noticeable increase in March and 2024, when it reached 23 % and 24.5 %, respectively.

This pattern was accompanied by the market correction, which prompted the market value of Bitcoin to the rate of the achieved value (MVRV) of 1.8. This number is close to a decrease in the level of 2024 at 1.71.

The opportunity to recover

Analysts indicate that if the value of Bitcoin will decrease to a range of $ 70,000, the MVRV ratio will match levels at the lowest point of correction. Nevertheless, the weak market morale of Altcoins has caused most of its recent gains, leaving the majority of investors without profits in this session.

This trend indicates that the market has already witnessed a major lightening of investor sites, creating favorable conditions for apostasy without the need for more severe decreases.

Currently, the market is moving in the final stage of the upward cycle, which is characterized by increasing risks and difficult investment conditions. However, with a state of clear glazing now, the possibility of market recovery grows. While the current situation of the market indicates an imminent recovery, it remains too early to confirm the appearance of the continuous bear market. a report.

“It is important to monitor the following factors closely: the strength and size of recovery; whale movements and changes in data on the chain at the time of reversion; the relationship with the stock market and economic trends.”

Bitcoin base signals in Bitcoin

Some bitcoin holders have started accumulating despite the extreme volatility in the market. In addition, the total number of bitcoin holders, which is defined as an empty portfolio, They exceeded 54.71 million and is now close to its highest level at 54.72 million registered on January 19 of this year-after only 0.018 % for that peak.

This increase was primarily due to two main factors – the growth of the network and the largest portfolio of its division into smaller ponds. Although Bitcoin witnessed nearly eight weeks of extreme price fluctuations after its highest level ever in January, where the expanded user base was reflected in the last market turmoil.