AVAX 1W MVRV and Price Analysis
Hi folks,
Let's take a look at some on-chain data.
What is MVRV (Market Value to Realized Value)?
MVRV is an on-chain indicator used to analyze the valuation of cryptocurrencies. It is a simple but powerful tool that shows investors how overvalued or undervalued a cryptocurrency is at the moment.
Simply 👇🏻
MVRV is below...
... This is a complementary study of this idea:
🧑Cruisers: addresses holding for over a month but under a year. These are mid-term or so-called swing traders.
📈The correlation is positive most of the time with the price of Bitcoin.
🐢However, when looking closely at this indicator, we can see that it has a strong characteristic of a lag indicator (a delayed...
IntoTheBlock labels the large transactions those where an amount greater than $100,000 USD was transferred.
In this case, the Number of Large Transactions indicator aggregates the total number of transactions that had a value greater than $100,000.
The number of large transactions is a relevant metric tracking the count of transactions greater than...
