Well-known on-chain analyst CryptoChan's latest analysis shows that the
Bitcoin MVRV indicator accurately fits the formula to capture the bull and bear tops in historical cycles, and is known as the "artifact for bottom fishing". The indicator divides market sentiment into six major intervals (from fear to greed) and provides oscillation scores from 0 to 100.
0 points: extreme bear market bottom, usually represents the market bottom fishing opportunity; 100 points: extreme bull market peak, often indicates the market correction risk
Current data shows that the MVRV indicator score has reached 79, which is already in the "excitement" zone. As this score approaches the historical "greed" zone, the market may usher in a red flag of volatility turning point.
CryptoChan reminds: Although historical data has reference value, there are still variables in the
future market. Make rational decisions and act within your means!