Journalist
Posted:
- Bitcoin’s price recovers over $ 97,000 and increased by 2.3% after falling to $ 94,000.
- A shift in the MVRV ratio and dormant coin movement may indicate that long-term holders affect market trends.
Bitcoin (BTC) Have experienced a remarkable change in speed after a steady decline last week resulted in the price as low as $ 94,000.
During the early hours of February 10, BTC began to recover, with its price climbing over $ 97,000 – an increase of 2.3% compared to the previous day.
While this upward movement is a positive development, a deeper analysis of the network’s underlying measurement values highlights the potential future direction of the leading Cryptocurrency.
A new analysis from Cryptoquant emphasized a significant movement in the Bitcoin network. On February 10, approximately 14,000 bitcoins, resting for seven to ten years, were suddenly moved.
It is important that these coins were not sent to exchanges, which indicates that they were not intended for immediate liquidation.
Source: Cryptoquant
The Cryptoquant analyst who reported this wrote in particular:
“It is important to note that the average acquisition price for these coins is quite low, which can affect the holders’ future decision on potential sales.”
Bitcoin current MVRV relationship and its consequences
More importantly, the MVRV relationship also provided valuable insight into Bitcoin’s market health.
MVRV (market value at realized value) ratio measures bitcoin market value against its realized value – the total value of all coins at the price they last moved on blockchain.
This relationship can serve as an indicator of whether the asset is overvalued or undervalued at current price levels.
New data From Cryptoquant, a downward trend also revealed in Bitcoin’s MVRV relationship, in line with recent prices.
Read Bitcoin’s (BTC) Price Presence 2025–2026
On January 21, the MVRV ratio stood at 2.52. However, after the reduction of BTC’s market price, it had dropped to 2.23 from February 9.
Source: Cryptoquant
Historically, when the MVRV relationship drops, it has signaled potential entry points for long-term investors. But if the relationship continues to decrease, it may indicate long -term market weakness or caution among investors.
