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Bitcoin’s MVRV Surges Above SMA365, Signaling Strong Bullish Momentum
- Bitcoin's MVRV ratio is in bullish territory, surpassing the SMA365.
- Historically, when MVRV is above SMA365, it indicates a bullish phase.
- BTC's MVRV has increased from 1.71 to 2.04, suggesting further upside.
- Strong spot demand and stable spot premium support positive market sentiment.
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