IntoTheBlock stated that Ethereum's MVRV reached 1.01 yesterday, hitting a new low since October 2023, while the trading price of Ethereum was slightly below $1600 at that time.

ChainCatcher news, according to Assure DeFi CEO Chapo's analysis, the market value to realized value (MVRV) indicator of Bitcoin suggests that there is still room for Bitcoin to rise in this cycle. Chapo expects Bitcoin's MVRV to reach 3.2 by 2025, implying that Bitcoin will experience another bull market in 2025. In April 2021, Bitcoin's MVRV reached this level when the price of Bitcoin was $58,253.Currently, Bitcoin's MVRV is 1.95, with a price of $84,416. Chapo points out that an increase in MVRV usually indicates that more holders are starting to take profits, and the market may experience significant volatility as it approaches the cycle peak. However, CryptoQuant's research director Julio Moreno warns that all valuation indicators are currently in a correction range, and Bitcoin may face more downward pressure before continuing to rise.

ChainCatcher message, CryptoQuant analysts indicate that the analysis of the MVRV 100-day moving average indicator suggests that Bitcoin has not yet reached the peak price of this cycle.The MVRV 100-day moving average indicator is an optimized metric for detecting market tops and bottoms. In the past two cycles, the MVRV indicator reached 3 at the market top, while currently it is at 2.14. Based on this, it can be said that Bitcoin is preparing to approach the peak price of this cycle, which is likely to occur in the coming months.

ChainCatcher news, according to CryptoSlate, Glassnode data shows that Bitcoin's MVRV Z-Score indicates it is closer to being undervalued, reflecting potential buying opportunities. Over the past year, this metric has experienced significant fluctuations, reflecting the price trends of Bitcoin's volatility.Note: The MVRV Z-Score assesses whether Bitcoin is overvalued or undervalued relative to its "fair value."The Z-Score index peaked at around 3 points in March of this year, coinciding with Bitcoin rising above $70,000. Since then, the Z-Score index has significantly declined. This drop indicates that the market is moving away from potential overvaluation and approaching levels historically associated with undervaluation.As the Z-Score trends towards the lower end, it suggests that Bitcoin may be nearing a period of being undervalued relative to its realized value. Historically, Z-Score values around 0 indicate market bottoms, suggesting that Bitcoin's current position may provide a favorable entry point for long-term investors.

According to ChainCatcher, as monitored by Glassnode, the Bitcoin MVRV Z-Score (standard score) has risen to 0.239, reaching a 7-month high.ChainCatcher Note: The MVRV-Z Score is a relative metric, MVRV-Z Score = (Market Cap - Realized Cap) / Standard Deviation (Market Cap), where "Realized Cap" is based on the value of Bitcoin transactions on the chain, calculated by summing the "last moved value" of all Bitcoins on the chain. When this metric is too high, it indicates that Bitcoin's market cap is overvalued relative to its actual value; conversely, it indicates undervaluation. (Source link)