Bitcoin’s Realized Value to Transaction Volume (RVT) 30-day moving average (30DMA) is on the rise, approaching the critical 22 level. This has historical implications for price action. If this threshold is surpassed, accumulation phase could begin, signaling a potential bull run. However, it could also point towards market consolidation before a more significant price shift. Bitcoin currently holds strong around $70,000 as its RVT Ratio indicates how actively capital is engaged in transactions. A higher RVT implies greater capital holding but hints at potential price action shifts. 3 major RVT spikes—early 2021, early 2023, and late 2023—were linked to Bitcoin approaching or exceeding local highs. These spikes marked either a cooldown or reversal of price action. Source: Axel