Odaily Planet Daily News: According to Chapo, CEO of Assure DeFi, the market value and realized value (MVRV) indicator of Bitcoin indicates that there is still room for Bitcoin to rise during this cycle. Chapo predicts that Bitcoin's MVRV will reach 3.2 by 2025, implying that Bitcoin will usher in another bull market in 2025. In April 2021, Bitcoin MVRV reached this level when the price of Bitcoin was $58253.
Currently, the Bitcoin MVRV is 1.95 and the price is $84416. Chapo pointed out that the rise of MVRV usually indicates that more holders are starting to take profits, and the market may experience severe fluctuations near the top of the cycle. However, Julio Moreno, head of research at CryptoQuant, warned that all valuation indicators are currently in the adjustment zone, and Bitcoin may face more downward pressure before continuing to rise. （Cointelegraph）
