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Glassnode Glassnode @glassnode · 44K subscribers
Post #232 19.5K
Long-Term Holder MVRV at 20+ has been a good indicator of #Bitcoin market tops in previous cycles.

Currently at 10, it indicates room for more upwards movement.

$BTC was trading at ~$4,500 at these levels in 2017 – and made another 4.4x to the peak.

Live chart | @glassnode
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