In the quick-take post, ShayanMarkets highlighted that the key metric is now positioned near the 1.9 level, slightly below its 365-day moving average. This decrease has come before significant turning points, either indicating prime accumulation zones or opening the door for more profound corrections.
It is important to note that the MVRV Ratio’s position below its long-term average indicates a decline in excessive speculation and an increase in long-term confidence. Such a pattern aligns with the technical reaction from the institutional demand area.
