Current data has begun to signal a bull market for the first time since the period before the FTX crash.
On-chain analysis platform Glassnode reports a bull signal for the first time since the FTX crash shared. Leveraging the critical indicator known as MVRV data, Glassnode has recorded data for the first time since the FTX crash. 2.06 points has been reached and the position we are in “early stages of the bull marketHe reminded me that it means.
long term investors This signal, which is described as a period when it finally made a reasonable profit and the market started to make money, has been similar in previous cycles. the bull got his start right:
Following the difficult recovery since the FTX crash, this indicator rose to 2.06 for the first time. These levels are often seen in the early stages of bull markets, as long-term investors return to a relatively meaningful level of profitability.
MVRV ratios the current market value of a crypto asset to its realized value. The realized value is calculated based on the last transaction price of this asset or its average cost over all time.
