Long-Term Bitcoin MVRV Painting an Optimistic Future!

π Bitcoin nearly crossed $76K as Tuesday trading opened, and remains in close proximity. Remember that trading isn't just about support & resistance levels. You should constantly be asking yourself how peer traders are performing in crypto's zero-sum game.
π No matter the timeframe, you can look at a coin's MVRV (Mean Value to Realized Value) and understand whether average traders are above or below their expected performances. When above, there is heightened risk of a correction for that timeframe. When below, there is less risk in buying or adding on to your position.
π§ Currently, here is how $BTC looks:
π 30-Day MVRV (Short-Term): +7.1% (Price may get stagnant or mildly correct for a few days)
π 365-Day MVRV (Long-Term): +22.1% (Price still is significantly below expectation for those holding for months or years, implying a good buy opportunity remains)