#Fantom [ #FTM] has surged 200% since its price rally began in January. Several metrics are suggesting a bull run except for the #MVRV ratio.

#Fantom [ #FTM] has surged 200% since its price rally began in January. Several metrics are suggesting a bull run except for the #MVRV ratio

#Fantom [ #FTM] has surged 200% since its price rally began in January. Several metrics are suggesting a bull run except for the #MVRV ratio.

#Fantom [ #FTM] has surged 200% since its price rally began in January. Several metrics are suggesting a bull run except for the #MVRV ratio

CryptoQuant’s #P&L Index indicator combines the #MVRV ratio, Net Unrealized Profit/Loss, and #LTH/STH #SOPR into a single #Bitcoin value #indicator

Currently, #MVRV is 1.07 and moving near the 365-day moving average (orange line). Thus, it indicates #Bitcoin is about to start a new uptrend.

The #MVRV Ratio indicates if the Bitcoin price is undervalued or overvalued. It is derived from #Bitcoin’s market capitalization (market price) divided by its actual #market capitalization.

#Decoding #ApeCoin’s [APE] high #MVRV ratio and recent data breach