Despite Bitcoin’s impressive rally last year, MVRV levels above 3.2 - typically associated with extreme euphoria - haven’t been reached this cycle yet. If BTC were to hit this level, it would correspond to a price tag of ~$132K. #ATH

📊 Historically, BTC price has spent only ~5% of trading days above this threshold, reinforcing why it’s viewed as a rare "extreme euphoria" zone.

❓ Will MVRV reach 3.2 this cycle? While momentum remains positive, with MVRV still above the 1-year MA (currently 2.18), one of the key questions is whether this trendline will plateau in the coming weeks - making MVRV momentum an important metric to monitor.

🔗 Explore the charts:
MVRV Pricing Bands
Historical MVRV Levels
MVRV Momentum