Bitcoin hit a new all-time high above $111,000 during the recent crypto bull run, despite experiencing some retracement due to US trade tariff news.
Crypto analyst BilalHuseynov noted an unusual event with Bitcoin's Market Value To Realized Value ratio (MVRV) during the current bull cycle.
Typically, MVRV ratio peaks between 3.5-4.0 in previous Bitcoin ATH cycles, but this time it peaked at 2.4, suggesting a more stable market with less hype-driven overvaluation.
The reduced MVRV number is seen as a positive signal for Bitcoin's long-term outlook, indicating the involvement of stronger market hands and a more confident investor base.