May 29, 2025
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Bitcoin Trades at $109,000 with 15% Monthly Gain Amid MVRV Analysis
Bitcoin is trading at $109,000, with a 0.6% decline over the last 24 hours but showing a 15% gain in the past month. This follows an all-time high above $111,000 recently.
MVRV Ratio Insights
- The Market Value to Realized Value (MVRV) ratio indicates holders' profitability and market sentiment.
- The MVRV currently stands at 2.36, above the 365-day Simple Moving Average (SMA365) of 2.14.
- A critical resistance level at 2.93 could affect Bitcoin's upward trajectory.
- Historically, crossing above the SMA365 signals sustained upward momentum.
Retail Investor Activity
- Retail investor engagement remains low despite recent price gains.
- The current rally appears driven by institutional or large-scale investors.
- Past rallies gained momentum with increased retail participation.
- Monitoring retail investment trends will be crucial for future price movements.
