Market Shows Moderate Buying Strength Amid MVRV Z-Score Analysis

According to BlockBeats, CryptoQuant analyst Axel Adler Jr has noted that the MVRV Z-score is currently at a moderate positive level of +0.6. This indicates some buying strength in the market without signs of overheating. The profit ratio for short-term holders remains high at 83%, suggesting that most short-term investors are currently in a profitable position. While this could lead to some profit-taking, it remains a positive signal as long as it does not occur. The current price is trapped between $110,000 and $104,000, with short-term holders maintaining confidence in future price increases. The market continues to exhibit a bullish trend, with overall valuations moderately overbought. Short-term holders show strong interest, and the high profitability ratio among them suggests that some investors might take profits when prices approach $110,000, potentially causing a short-term pullback. The MVRV Z-score is an indicator where a value of 0 signifies neutral valuation, and ±1 represents extreme levels.