The number of the Bitcoin at unrealized loss (2 -3.5 million coins) remains significantly lower than usually witnessed during bear markets, 4-8 million of coins. Most unrealised losses are held by short-term investors who acquired their shares within the last 155 days with an average cost of $88,400.
Key Market Metrics
The MVRV ratio is currently at 1.32, meaning the average profit if all holders dumped their Bitcoin is 32%. Relative Unrealised Loss is at 4.3% that is much below previous market crisis which was over 10%. Looking at these figures they depict healthy market conditions though there has been a price correction recently.
Market Evolution and Maturity
An analysis of the Bitcoin market reveals an emerging sign of maturity, decline in the volatility and rising institutional investment. When simplified and adjusted for inflation, the rising MVRV peaks across market cycles from 8.07 in 2011 to 2.78 in 2024 show less speculation and more stability.
Today’s Market Health Status
Despite the pull back from recent highs, main indicators suggest the state of the Bitcoin market remains robust with moderate signs of stress. The current data for the bull market appears to be unchallenged, although short term holders could be pressured if the upward movement does not continue
