BTC is currently entering the "overly optimistic" range, and the MVRV indicator warns of adjustment risks

Bitget App

Trade smarter

CryptoChan2024/11/21 04:01

By:CryptoChan

According to the latest on-chain data, Bitcoin (BTC) based on the analysis of the MVRV indicator (historical cumulative average plus or minus multiple times Standard Deviation), currently scores 70.6 and enters the "overly optimistic" range. This indicator divides the market sentiment into eight stages: extreme panic, caution, neutrality, optimism, and greed by dividing it into a range of "-1σ to + 2σ" and combining it with oscillation indicators. The data shows that when the oscillation value is greater than 100, it is usually "extremely greedy" and it is recommended to gradually escape the top, while < 0 corresponds to "extreme panic" and is often a signal of bear market bottom fishing.

The current high score indicates that market sentiment is trending towards overheating and there may be adjustment pressure. Investors need to closely monitor future market trends, maintain risk awareness, and respond to possible fluctuations.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Trump Media & Technology Group’s Q3 losses widened to $54.8 million, and it holds substantial amounts of bitcoin and CRO tokens; US consumer confidence has fallen to a historic low; a whale bought the dip in ZEC and made a profit; a bitcoin whale transferred assets; Michael Saylor called for buying bitcoin; the Federal Reserve may initiate bond purchases. Summary generated by Mars AI. The accuracy and completeness of this content is still being iteratively updated by the Mars AI model.

MarsBit•2025/11/09 21:19

Mars Morning News | Michael Saylor calls: Buy Bitcoin now

MEET48: From Star-Making Factory to On-Chain Netflix — How AIUGC and Web3 Are Reshaping the Entertainment Economy

Web3 entertainment is moving from the retreat of the bubble to a moment of restart. Projects represented by MEET48 are reshaping content production and value distribution paradigms through the integration of AI, Web3, and UGC technologies. They are building sustainable token economies, evolving from applications to infrastructure, aiming to become the "Netflix on-chain" and driving large-scale adoption of Web3 entertainment.

深潮•2025/11/09 20:09