🔥 THE ULTIMATE ON-CHAIN SIGNAL REVEALED 🔥

This is the indicator that has nailed four market cycles for bottom and top zones. Forget the noise.

⚠️ MVRV Z-Score Explained: It measures the divergence between current Market Value and the true holder cost basis, Realized Value.

• Market Value: Driven by FOMO, leverage, and external news. Highly volatile.

• Realized Value: Calculated using the last known price when each $BTC last moved. This is the true cost basis.

When Z-Score hits the red/pink zone: Market is euphoric. Holders are deep in profit. Distribution time.

When Z-Score hits the green zone: Long-term holders are underwater. Accumulation phase begins.

This is how you track real conviction in $BTC.

#OnChain #BTC走势分析 #CryptoAlpha #MVRVZScore 📈

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