🔍 Catrix Daily | Apr 21, 2026

🤖 AI Forecast
BTC: Slightly Bullish 📈 | ETH: Slightly Bullish 📈

Fed liquidity expanded +2.6% in four weeks (z=2.48) while the dollar weakened 1.7% — macro is tilting in crypto's favor.

💡 Today's Focus: Market Cycle
How cheap or expensive is the market right now? MVRV (Market Value to Realized Value) compares today's price to the average price everyone paid for their coins. Above 1 means the market is in profit on average. Below 1 means the average holder is underwater.

→ BTC: MVRV: 1.40 — BTC is 40% above its average cost basis. Not cheap, but nowhere near overheated. NUPL (Net Unrealized Profit/Loss) just recovered 26% in a month, hitting 0.286 — fear is thawing. We're in early recovery, not euphoria.
→ ETH: MVRV: 0.989 — ETH is trading below its own cost basis. The average holder is at a loss. This level has appeared at the start of every major ETH recovery in the past three cycles.

Full analysis on our AI report 👇
insight.catrix.xyz