CryptoQuant: Bitcoin On-Chain Metric MVRV Suggests Cycle Top Approaching

According to a report by Jinse Finance, a CryptoQuant analyst stated that the on-chain indicator MVRV 365-day moving average suggests the market may be approaching a cycle top. Historically, this indicator has closely aligned with market cycle peaks and is currently forming a "double-humped camel" pattern similar to that seen in 2021. The analyst predicts that, following the same six-month interval pattern, a potential top could form around September 10. However, since MVRV is a lagging indicator, the actual price peak may occur earlier, possibly by the end of August. This timing coincides with market expectations for a possible Federal Reserve rate cut and a shift in macro sentiment. At this stage, investors should remain both optimistic and cautious, strengthen risk management, and stay flexible in their approach.