Bitcoin's recent disappointing performance has tested the patience of bullish investors. With prices locked in a range of $25,000 to $31,000 .
The Bitcoin MVRV Ratio is determined by dividing the market capitalization of an asset by its realized capitalization.
As Bitcoin's short-term trajectory depended on the support line mentioned earlier, significant investors with large holdings began to trade more actively on exchanges.
The year 2023 has been characterized by significant swings in investor sentiment. Despite equities markets outperforming expectations.