Bitcoin’s MVRV Rises Amid Signs of Sustained Market Expansion

Bitcoin’s MVRV ratio — a metric comparing market cap to realized cap — has been climbing steadily, indicating that investors are holding larger unrealized profits. This uptick suggests strengthening conviction and a supportive environment for sustained market growth.
What Is MVRV?
MVRV (Market Value to Realized Value) compares Bitcoin’s current market capitalization to the “realized” value (where each coin was last moved on-chain). As this ratio rises, it reflects that coin holders are in profit relative to their entry points.
Recent MVRV Trend
As of October 2025, Bitcoin’s MVRV has surpassed key thresholds that often precede extended bullish phases. The gradual climb suggests accumulation rather than a speculative spike, especially among long-term holders.
Key Implications
- More unrealized profit = increased investor confidence.
- Supports continued accumulation and reduced selling pressure from long-term holders.
- If matched with volume and network growth, this can fuel sustained price appreciation.
Macro Backdrop
Broader trends — such as inflows into Bitcoin ETFs, falling exchange inventories, and rising stablecoin liquidity — complement the MVRV signal. Together, they suggest structural strength building under the surface.
My Take
This rise in MVRV is not a parabolic spike — it’s the kind of methodical, on-chain growth that supports a reliable upward trend. As long as the metric remains in healthy territory (below overbought zones), Bitcoin still has headroom for further extension.
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