Date: June 2025
By XSTP News Editorial Team
Many believe Bitcoin has already peaked. The data says otherwise.
According to the MVRV Z-Score, a metric that compares Bitcoin’s market value to its realized value, this cycle is still running strong. We’re not near the red zone that historically signals a top. The chart tells a different story.
A Deeper Look at the Chart
The MVRV Z-Score is one of the most respected on-chain indicators. It helps identify when Bitcoin is overpriced or underpriced compared to its long-term holders’ cost basis.
Looking at the data:
- The price of Bitcoin is approaching 110 thousand dollars
- But the MVRV Z-Score remains below its historical danger zone
- This suggests the market still has significant upside potential
Lessons from Previous Cycles
In December 2017, Bitcoin peaked when the MVRV Z-Score was above 9
In April 2021, the pattern repeated with a similar spike
In June 2025, the score is rising but still below the level where tops usually occur
This points to one conclusion. The market hasn’t finished its move.
Why This Matters Now
We’re not in euphoria. We’re not seeing retail mania. We’re seeing smart capital accumulating while fear dominates headlines.
The best moments are rarely obvious. But they often leave clues. This one is flashing.
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