Bitcoin has continued to hover around the $95,000 price level, with limited movement over the past few weeks. Despite this, a CryptoQuant analyst notes increasing MVRV ratio and growth in active addresses, suggesting underlying optimism. BTC recorded a modest weekly increase of 1.1%, but dipped slightly in the last 24 hours by 0.4%. There has also been an increase in whale activity post-U.S. election, indicating more Bitcoin being transferred to exchanges.
has continued to hover around the $95,000 price level, with its movement restrained over the past few weeks.maintained its positionOver the past week, BTC has recorded a modest increase of 1.1%, while in the last 24 hours, it has seen a slight dip of 0.4%, trading at $95,463 at the time of writing.A CryptoQuant analyst, Onatt,a notable trend in whale activity post the U.S. presidential election, where Donald Trump secured a win.
However, the Adjusted SOPR metric, which measures profit-taking activity, does not yet indicate significant sell-offs.While the large inflow of Bitcoin could signal potential short-term selling pressure, the fact that these assets have not been sold suggests they may be allocated for other purposes, such as over-the-counter transactions or collateral.
Notably, the MVRV ratio, a measure of market capitalization relative to realized capitalization, helps assess whether Bitcoin is overvalued or undervalued.1 indicates profitability for most holders, while values of 3.7 signal overvaluation. At press time, Bitcoin’s MVRV ratio sat at 2.57, signaling moderate profitability.
BITCOIN MVRV RATIO ACTIVE ADDRESSES WHALE ACTIVITY PRICE LEVEL
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