Bitcoin’s MVRV Ratio Flashes Warning: Top of the Cycle Incoming?
Analysts are sounding the alarm that Bitcoin’s current uptrend may be nearing a peak, not based on price action alone, but through a powerful on-chain metric: the Market Value to Realized Value, 365-day moving average (MVRV 365DMA). According to a July 28 analysis shared by CryptoQuant contributor Yonsei_dent, the 2025 cycle resembles 2021’s “double-top camel”…
