Analysis: If BTC's MVRV value reaches 3.2, its price will reach around $130,000.

Golden Finance reported that glassnode analysis stated that despite BTC’s outstanding performance last year, the price has pumped significantly. However, in this cycle, the MVRV indicator has not yet reached the level of 3.2, which usually represents an extremely hot market. If BTC’s MVRV value reaches 3.2, then based on the current realized Market Cap calculation, BTC’s price will reach about 132,000 US dollars. Note: MVRV levels: MVRV (Market Value to Realized Value) is an indicator of BTC market valuation, calculated as MVRV = Market Cap / Realized Market Cap. The higher the MVRV ratio, the higher the market valuation, indicating a potential bubble; the lower the MVRV ratio, the lower the market valuation, indicating a potential undervaluation.