Bitcoin’s YoY True MVRV Turns Positive — Signaling the Start of a New Bullish Phase

By: bitcoin ethereum news|2025/05/02 18:45:01
0
Share
copy
Axel Adler Jr., Head of Research at BTC.Study, has highlighted a pivotal shift in Bitcoin’s on-chain fundamentals: the Year-over-Year (YoY) True Market Value to Realized Value (MVRV) ratio has returned to positive territory. This milestone indicates that the average purchase price of BTC acquired over the past year is now below the current market price — a bullish sign that holder confidence is strengthening as fewer investors are underwater. What Is the YoY True MVRV and Why Does It Matter? The YoY True MVRV is a key on-chain metric used to gauge investor profitability by comparing the current market price to the average cost basis of coins acquired in the past year. When the MVRV is negative, many holders are in loss, increasing the likelihood of panic selling. However, when it turns positive — as it just did — it suggests that most investors are now in profit and less likely to sell. This shift often marks the early stages of a recovery and can precede strong upward momentum in price. According to Adler, this positive crossover often aligns with the beginning of a new bull cycle, as was seen in early 2020 and mid-2023. In those cases, the return to profit territory led to prolonged rallies and increased market participation. A Bullish Recovery Phase May Be Underway As the chart in Adler’s post illustrates, previous flips from negative to positive MVRV territory have been accompanied by significant Bitcoin price appreciation. The green bars on the chart — now reappearing — represent this shift into profitability. With the speculative pressure easing and panic sellers retreating, more sustainable price growth becomes likely. “This ‘switch’ coincides with the recovery phase and the beginning of more sustainable price growth,” Adler noted, emphasizing that the market may now be transitioning from a period of uncertainty to one of optimism. “In short, the most interesting part is just beginning,” he concluded — reinforcing the belief that Bitcoin’s next major move may already be taking shape. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/bitcoins-yoy-true-mvrv-turns-positive-signaling-the-start-of-a-new-bullish-phase/

-- Price

--

You may also like

Japan’s Three Megabanks Plan Joint Stablecoin Issuance in Fiscal 2026

MUFG, SMBC, and Mizuho reportedly plan to jointly issue fiat-pegged stablecoins in fiscal 2026, signaling Japan’s growing push into bank-led digital payment infrastructure.

Humanity Discloses H Token Dual-Chain Attack Details, With Losses on Ethereum and BSC Exceeding $36 Million

Humanity said the H token attack across Ethereum and BSC caused more than $36 million in losses after leaked ProxyAdmin keys enabled malicious contract upgrades and token minting.

White House Discusses CLARITY Act With Law Enforcement Ahead of Senate Vote

The White House discussed the CLARITY Act with law enforcement ahead of a Senate vote, focusing on illicit finance risks and developer protections.

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Bitcoin Trading Guide 2026: Strategies for Experienced Traders

Learn spot and futures trading strategies, risk management tips, and a realistic BTC trade setup in this bitcoin trading guide. Read the full analysis on WEEX.
 

What Is XAUT and PAXG? Why Tokenized Gold Is Booming in 2026

Gold prices surged, corrected, and returned to the spotlight in 2026. Discover what's driving gold and silver markets, explore XAUT and PAXG, and see why tokenized gold is attracting traders worldwide.
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com