No euphoria yet – can this be the best in bitcoin yet? star-news.press/wp

• Bitcoin was closed to a major resistance on MVRV Z-SCORE, a turning point in previous sessions.
• Will this resistance closed the gathering?

Fear and greed index has not yet been “extreme greed”.

It is a region historically with Bitcoin (BTC) peaks. In the past three highlands, this peak coincided with the tightening of liquidity and the unification of supply, prompting BTC to feverish conditions.

Therefore, does the current absence of euphoria indicate that the market has still left fuel? maybe. But when it is associated with MVRV Z-ScoRE from Bitcoin now against A. Critical resistanceIt may indicate that the market is close to the turning point.

For the context, MVRV Z-SCore compares the market value of Bitcoin with the average cost of the cost on the chain. When the result is high, this means that holders sit on large, unrealized gains. Usually it is good, so that he decides enough to make profits.

Source: Bitcoin Pro magazine

Certainly, the degree of Z until now remains much lower than the red region, which historically represents the college peaks, as the spread between the maximum market and the cover -up to feverish lands extend. But here it breaks the structure.

Even after Bitcoin reached six numbers and recorded the highest fresh levels ever, the Ze Zel remained relatively silent. no Remarkable From excessive progress. However, the market decreased, with decreases more than 20 %.

According to Ambrypto, this indicates a decisive shift, indicating a new variable in the market.

Low orgasm, high risk: a new type of bitcoin higher?

In the previous marches, Fomo took over. In turn, the Fear & Greed index launched “Greed Extreme”, and Bitcoin vertically, until the market is thrown. this time? the index It is still anywhere near the levels of euphoria, however Bitcoin struggles to take off.

Why? The uncertainty in the macro is to stick to the market, which leads to identifying speculative appetite, and with margins under pressure, it seems that investors tend to remove risks and lock in gains.

Bitcoin only is only about 7 % higher than the cost of short -term holders at $ 98,000. Without a certain structural bottom and fluctuation is still based on macro, FOMO is hanging by a thread.

Source: Glassnode

If this topic is broken? Well, Bitcoin can stare at the most microscopic markets so far.