$BTC MVRV is telling the real story: price is still high in USD terms, but holder profit has reset toward cost basis. Prior cycle tops printed MVRV >3-4; now it’s near ~1.2. That’s not euphoria, it’s repricing. Watch 1.0 for capitulation, 2.4+ for heat. #BTC Price Analysis# #BTC #Bitcoin #Macro Insights# #BTC Above 60K#