CryptoQuant analyst says BTC MVRV ratio breaks above 1.0, and the market enters the “bull market” phase
BIBIBI
AT A GLANCE
The analyst says the Bitcoin market has entered a bull market phase, but this assessment remains to be verified.
Article
Analysis: Bitcoin has formally transitioned from an early bull market to a bull market phase, with market structure remaining bullish.
BlockBeats reports,September 26, CryptoQuant analyst Axel Adler Jr. stated that during the previous August 20 upward phase, Bitcoin’s adjusted MVRV 30DMA/365DMA ratio crossed above its own 365-day moving average, and the market entered the “early bull market” phase. At the time, the BTC price was 71,255 USD. This phase lasted 31 days, during which Bitcoin rose by a total of 13%。September 20 The ratio broke above the 1.0 baseline, with the short-term MVRV average exceeding the annual average, formally ushering the market into the “bull market” phase. The BTC price was 80,691 USD. The current ratio stands at 1.018，BTC Bitcoin 84,156 USD, and market structure remains bullish as long as the ratio stays above 1.0.
Original link https://m.theblockbeats.info/flash/369110
Key points
01
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin had previously entered an “early bull market” phase.
02
The “early bull market” phase lasted 31 days, with Bitcoin rising by a total of 13%。
03
September 20, and the adjusted MVRV 30DMA/365DMA ratio broke above the 1.0 baseline; the market is considered to have formally entered a “bull market” phase.
04
The article states that the current ratio is 1.018，BTC and the price is 84,156 USD。
05
The article states that as long as the ratio remains above 1.0, market structure remains bullish.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a market analysis based on the MVRV ratio: when the ratio exceeds 1.0, the analyst believes the market transitions from an “early bull market” to a “bull market” phase.
Why it matters to readers
If the ratio continues to remain above 1.0, market structure may continue to be bullish according to the article’s analysis; however, this is only the analyst’s interpretation of the indicator.
Beginners can view this as a market-trend signal, rather than a guarantee that prices will necessarily rise.
Risks and unknowns
This is an analytical view of an on-chain indicator and does not constitute an independently verified market conclusion.
The evidence does not provide the indicator’s original chart, calculation methodology, or independent verification results.
Whether the ratio can remain above 1.0 is not confirmed by the evidence.
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Related concepts
MVRV
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