1) If MVRV enters the red zone

It means:

BTC price is already too far above its fair value

The market is usually euphoric / FOMO

The risk of a local top / cycle top is increasing

➡️ Trader action: start taking profit gradually, don't FOMO into large entries.

2) If MVRV enters the green zone

It means:

BTC is cheap on-chain

Many holders are in a loss / capitulation condition

Often becomes a cycle bottom area

➡️ Trader action: focus on gradual spot accumulation, not panic selling.

For now:

The MVRV Z-Score is currently around a low level (close to 0–1)

Not yet in the red zone

Far from extreme euphoria conditions

This means it has not yet shown the peak of the major cycle

But it is also not an extreme bottom area like when entering the green zone

Current market conclusion:$BTC

➡️ BTC tends to be in the mid-late bull cycle phase, but not yet extremely overheated.

➡️ There is still room to rise, but the upside is not as 'safe' as when MVRV is in the green zone#OnChainAnalysis