BlockBeats news reported on November 12 that IntoTheBlock, a crypto data provider, published an article stating that Bitcoin’s MVRV (Market Value to Realized Value) indicator is currently at 2.36. This metric compares the market value of Bitcoin to the total realized value. Historically, values between 2.6 and 5 usually indicate market highs, but each cycle’s peak is decreasing.
It’s essential to monitor this indicator for any future market movements.
