#Bitcoin On-Chain Insights: MVRV, Whale Activity & Price
This CryptoQuant chart brings together three key metrics:
📈 $blue ' data-name="BTC">BTC Price (white line)
💚 MVRV (Market Value to Realized Value)
🟣 Whale Last Active 7~30 Days (blue bars)
💡 Key Observations:
1. MVRV is dropping after peaking
➤ Every time MVRV surged above 3.5–4.5, it was followed by a major correction (seen in 2017, 2021).
➤ Now in early 2025, we saw MVRV above 4.0, and it has already dropped below 2.4 — a potential 🚨 signal that the euphoria phase is cooling down.
2. Whales became active near price peaks
➤ Spikes in blue bars (whale activity) align with tops in both price and MVRV.
➤ This likely signals profit-taking rather than accumulation.
3. #BTC price remains high, but momentum is fading
➤ The current pullback aligns with weakening on-chain metrics.
➤ Without a new wave of accumulation or a strong catalyst, consolidation or a deeper correction might follow.
📉 Historically, this kind of phase often precedes the next accumulation cycle.
👀 Watch for MVRV dropping below 1.5 and another spike in whale activity — those are 🔑 signals for potential market bottom and entry points.
👇 What do you think — is this the start of a bear reversal, or just a breather before the next rally?
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