Bitcoin has recorded a positive MVRV ratio, signaling that most investors now hold profitable positions and reducing pressure to sell. This shift in sentiment indicates the start of a potential market rally. CryptoQuant analyst Axel Adler Jr. highlighted this development on May 2, 2025, through social media. The annualized MVRV ratio for Bitcoin has turned positive, indicating a turnaround in market holder sentiment and setting the stage for sustainable price growth. As average purchase prices now fall below current market value, Bitcoin’s profitability among investors is driving increased confidence. This reduced urgency to sell suggests less selling pressure, fostering an environment conducive to sustained price growth. 43,000 BTC were acquired by whales in recent weeks, further reinforcing this positive outlook and suggesting a bullish trend for the cryptocurrency.