Markets· ★★★· bullish·

Glassnode: Bitcoin MVRV Reclaims 365-Day Average, Momentum Signal Seen at Start of Past Two Bull Markets

  • —Bitcoin MVRV has reclaimed its 365-day moving average
  • —The same crossover occurred at the start of the 2019 and 2023 bull runs
  • —Glassnode frames the signal as a momentum indicator of a new bull cycle
Why it matters: The crossover has historically marked the start of the past two Bitcoin bull markets, reinforcing the case for further upside.
#BTC
Source: ChainCatcher 链捕手
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