#BTC attempted to move back to the resistance area getting rejected again. The zone is standing very strong, as long as price trading below it, we might see more dump in altcoins.

The MVRV Ratio, which measures investors' average unrealized profit, has recently tested its all-time average of 1.72. This level historically marks the transition between macro bull and bear market trends, with 51% of trading days closing above this mean. The current MVRV suggests investor profitability has reset to equilibrium, indicating that the excitement following the ETF launch has fully subsided. This equilibrium state could potentially signal a pivotal moment in market sentiment and future price direction.

What is #MVRV-Z Score ?

MVRV Z-Score is a bitcoin chart that uses blockchain analysis to identify periods where Bitcoin is extremely over or undervalued relative to its 'fair value'.

It uses three metrics:

1. Market Value (black line): The current price of Bitcoin multiplied by the number of coins in circulation. This is like market cap in traditional markets i.e. share price multiplied by number of shares.

2. Realised Value (blue line): Rather than taking the current price of Bitcoin, Realised Value takes the price of each Bitcoin when it was last moved i.e. the last time it was sent from one wallet to another wallet. It then adds up all those individual prices and takes an average of them. It then multiplies that average price by the total number of coins in circulation.

In doing so, it strips out the short term market sentiment that we have within the Market Value metric. It can therefore be seen as a more 'true' long term measure of Bitcoin value which Market Value moves above and below depending on the market sentiment at the time.

3. Z-score (orange line): A standard deviation test that pulls out the extremes in the data between market value and realised value.

How It Can Be Used

The MVRV Z-score has historically been very effective in identifying periods where market value is moving unusually high above realised value. These periods are highlighted by the z-score (orange line) entering the pink box and indicates the top of market cycles. It has been able to pick the market high of each cycle to within two weeks.

It also shows when market value is far below realised value, highlighted by z-score entering the green box. Buying Bitcoin during these periods has historically produced outsized returns.

Bitcoin Price Prediction Using This Tool

MVRV Z-Score bitcoin chart is useful for predicting Bitcoin price at the extremes of market conditions. It is able to forecast where Bitcoin price may need to pull back when MVRV Z-score enters the upper red band, and also when $BTC price may rally after spending time in the lower green band.

Historically it has picked major Bitcoin price highs to within 2 weeks.

Here's the Analysis of #APT :

#APT is been kept on rejecting from the Major Resistance Area of $7.24 - $7.29. Price now building a falling wedge pattern and like to get the break to the downside. Buys only after the upside and structural shift.

#BTC did broke the wedge pattern but already said, Major Resistance Standing strong enough. Price nearly filled out the bottom wick and can expected a sweep or lower low to form.

#TOTAL2 MARKETCAP UPDATE :

#TOTAL2 failed to gave a closing above the resistance area, and did fall, as a reaction, we already saw some short-term dump in the market. Index reached the support zone again, and should hold it else we can see more bleed in overall market.

A similar story is echoed in the percentage of supply in profit metric, which provides a read on the global profitability of the supply.

Like the MVRV Ratio, this oscillator has returned to its long-standing mean value. Previous instances where a similar retest of this level occurred are visible in late 2016, throughout the choppy 2019 period and during the mid-2021 sell-off.

Here's the Analysis of #LOKA :

#LOKA is been kept on rejecting the major resistance area of $0.20 - $0.21 and overall market is moving inside the downtrend channel pattern. Price entered the small consolidation range and might break the pattern. All eyes on breakouts and candle closure.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, Daily candle close below and we saw some sharp decline lower and reaching out $52,500 area. This can be a wick fill and looks at the market, its kinda go more lower just for liquidity run.

#NULS had a good channel break and moved around 11% in profits. Price now dropping lower with the market movement and reaching the support zone $0.32. No rush for long as price need to see some sort of break in market structure.

The Sell-Side Risk Ratio assesses market equilibrium by comparing spent coins to their cost basis. High values indicate large profits or losses on spent coins, suggesting market imbalance and often following high volatility. Low values show coins spent near break-even, indicating equilibrium and low volatility. Currently, the ratio is in the lower band, meaning most on-chain transactions are near acquisition prices. This state, like other metrics mentioned, typically precedes a period of increased market volatility. The current low ratio suggests the market may be poised for a significant shift in price action.

What Is Sealevel and How Does It Enable Parallel Processing in SVM?

Now here's where things get really interesting! SVM’s secret weapon is called Sealevel. Never heard of it? Let's shed some light.

Sealevel is like a turbocharger for transaction processing. It enables SVM to execute multiple transactions at the same time in parallel.

Most networks can only process one transaction at a time, but Sealevel cracks the code on parallel processing. It identifies which transactions can run simultaneously without conflict.

This means if two transactions aren't accessing the same data, Sealevel can handle them at the same time across the validators' multi-core processors.

How Are Smart Contracts Deployed and Executed on the Solana Virtual Machine?

Alright, enough tech jargon. Let's get practical. Say you just developed an amazing Solana smart contract. How does it actually run on SVM?

When you deploy that smart contract, it publishes the code to all the validators across the network. Each one receives a copy.

The contract then starts executing. Whenever it needs to alter Solana's state, like transferring tokens, it communicates those instructions to the Solana runtime.

The runtime passes those requests along to all the individual SVMs, which then interpret and execute the instructions to actually update Solana's state.

Here's the Analysis of #LEVER :

#LEVER is been moving lower the major resistance area of $0.002 and formed a consolidation range. Price trying to gave a break below of the support and might give the shorting opportunities. Eyes on Daily and H4 Candle closes.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, played perfectly, getting rejected from the resistance area and nearly got into the support zone as well. Price still looks bearish, ad expect a drop lower towards the area around $51,200. Closing will give more clarity in of the next week market.

#DXY UPDATE :

#DXY also played perfectly, the level turned into a fakeout now and gave a drop lower near to the lower low. Price failed to print a new lower low and now we can expected a push up into 101% area.

Net realized profit/loss is currently at a value of +$15M/day, a far cry from the $3.6B/day of capital inflow experienced as the market set the $73k ATH in March. Typically, this metric returns to a neutral level near inflection points such as a continuation of the trend or a reversal back into a macro scale bearish trend.