The Bitcoin MVRV metric, which helps determine if Bitcoin is overbought or oversold, suggests that we are nearing the end of the current cycle. The indicator, shared by CryptoQuant's CEO, shows that previous cycle tops were marked by a value of around 3, while the current cycle top could be indicated by a value of 2.5. The metric compares market capitalization and realized capitalization to gauge investor comfort with current price levels. Bitcoin is currently trading at $96,918, up 1.16% in the last 24 hours, but has failed to hold above $100,000. Overall sentiment is neutral, according to alternative data, and the cryptocurrency market's net capitalization is slightly up at $3.358 trillion.



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