Bitcoin’s True MVRV Surpasses Zero, Indicating a Potential Shift to Bullishness

A key Bitcoin metric has flipped positive, signaling a potential turning point in the market. The YoY True MVRV (Year-over-Year True Market Value Added Ratio) is now above zero for the first time in recent months, signifying that the average purchase price of BTC acquired over the past year is currently exceeding the current market price. This is considered a bullish signal as it suggests that many investors are already profiting from their Bitcoin holdings and less likely to sell in the short term.