CryptoQuant: Bitcoin on-chain indicator MVRV suggests cycle top is approaching
2025-07-28 08:10:31
CryptoQuant analysts said that the on-chain indicator MVRV 365-day moving average shows that the market may be close to the top of the cycle. The indicator has historically been highly consistent with the top of the market cycle and is currently forming a "Bactrian Camel" pattern similar to 2021. Analysts expect that according to the same 6-month interval pattern, the potential top may be formed around September 10, but since MVRV is a lagging indicator, the actual price peak may be brought forward to the end of August. This timing is in line with market expectations for a possible interest rate cut by the Federal Reserve and a shift in macro sentiment. Investors should remain optimistic and cautious at the same time at this stage, strengthen risk management and remain flexible.
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