2. Market Value Realised Value (MVRV) Z-Score<br><br>MVRV = Market Value - Realised Value (i.e. the last on-chain price of BTC).<br><br>The Z-Score is currently at 3, below 6 (last cycle peak) &amp; 7 (historical high).<br><br>This metric suggests there's still room to run this cycle. <br><a href="https://t.co/Sw9POgDhqw"><img src="https://pbs.twimg.com/media/GJ56q1NbYAAJ2ip.jpg"/></a>
2. Market Value Realised Value (MVRV) Z-Score

MVRV = Market Value - Realised Value (i.e. the last on-chain price of BTC).

The Z-Score is currently at 3, below 6 (last cycle peak) &amp; 7 (historical high).

This metric suggests there's still room to run this cycle. https://t.co/Sw9POgDhqw