Анализ MVRV сигнализирует о возможном накоплении биткоина на уровне $100 000 MVRV Analysis Signals Possible Accumulation of Bitcoin at $100,000 Level

The fundamental metrics of Bitcoin remain steady despite the prevailing panic. A significant indicator is the MVRV ratio, which has dropped to its lowest level since April (1.8), as noted by contributors from CryptoQuant at XWIN Research.

«This indicates that the market value is approaching the average entry price for investors, suggesting a potential accumulation zone,» analysts pointed out.

A decline in MVRV to the range of 1.8–2 typically signals either a bottom has been reached or an early recovery phase is underway. Realized profits and losses are balancing out, hinting at the end of profit-taking, they added from XWIN Research.

As a benchmark, the researchers identified a price range of $99,000–101,000.

They believe that recent liquidations were primarily driven by long positions with «excessive» leverage. Additionally, long-term holders continue to realize profits, while short-term participants are incurring losses.

Exchange reserves continue to decline. This indicates that coins are being moved to private wallets for safekeeping rather than being sold—such behavior historically aligns with stabilization phases in the market.

The activity of stablecoins also reflects a «defensive position.» The supply of USDT remains high at $183 billion, while USDC consistently hovers around $75 billion, supported by demand for institutional payments.

«Liquidity is currently on the sidelines, awaiting clarity from upcoming U.S. macroeconomic indicators, such as employment and trade data. Overall, on-chain signals suggest a transitional phase for the market rather than a collapse. Despite the fear-induced sell-offs and increased volatility, realized losses remain moderate, indicating a rational reorientation rather than capitulation,» the analysts concluded.

At the time of writing, the leading cryptocurrency is trading at approximately $101,700, having lost 3% in a day.

It’s worth noting that Sigma Capital CEO Vinit Budki has suggested a potential 70% drop in Bitcoin’s price.