ilmscore | Prediction Details
"The market value to realize value MVRV ratio. It's um been falling uh over the past few months. And I pulled this from a glass node, but um it's been falling over the past few months as you can see, but I don't have it here, but they've also got it's it's fallen below its 365day moving average, which cryptocoin says is a bearish indicator, at least from an onchain perspective."
By Coin Bureau | September 16, 2024 | Pending
From video
Crypto News: BTC Vs. Gold, FED Pivot, DeFi Surge, Price Predictions & More! 00:14:25 - 00:14:48
Interpreted Prediction
Bitcoin's Market Value to Realized Value (MVRV) ratio has been falling and is now below its 365-day moving average, which is considered a bearish on-chain indicator.

Prediction Details

Ticker
BTC
Initial Price
58,215.59 USD

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