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#目前山寨已触底了吗？你看好哪些山寨币？ June 27th
BTC wonderful large cycle replication trend 😎
The black line in the figure represents the "BTC: MVRV Ratio" for the period from [22 years to present], and the red line represents the "BTC: MVRV Ratio" for the period from [14-16 years]. The two lines are aligned with the halving of their respective BTC mining production.
Note: MVRV (Market Value to Realized Value) refers to the ratio of the market value of BTC to the overall average purchase price of on-chain BTC. The MVRV shown in the graph is a modified version that excludes BTC that has not moved for more than 7 years from the calculation, considering it as long-term dormant or lost.