🚨 TIME TO CHECK THE MARKET PULSE. While everyone is discussing whether BTC will reach $200K, the real question is: are we already in the overvaluation zone?
We are using a powerful on-chain indicator MVRV z-score. It shows the ratio of market value to realized value.
Historically, when MVRV reaches the red zone, it signals overheating and an imminent correction.
Low values are the best points for accumulation.
Current Status: (Estimated analysis based on data): MVRV z-score is rising but has not yet reached the extreme levels observed at the peaks of previous cycles. This indicates that despite the strong price movement, most institutional liquidity is not yet causing euphoria.
Additional Filter (Puell Multiple): This metric, assessing miner emissions, also does not show the extreme values characteristic of peaks.
Conclusion: The market still has significant growth potential before reaching the critical overvaluation zone.
Visualization: (MVRV z-score chart showing the current position compared to historical cycles).
