According to glassnode, the latest $BTC MVRV ratio data shows that Bitcoin holders are currently experiencing increased unrealized profits, which indicates growing investor confidence and a reduction in potential sell pressure. This on-chain metric compares Bitcoin’s current market price to the average cost basis of all holders. When the MVRV ratio rises, it often leads to stronger hands and less selling, which can support price stability or further upside in the short term. Traders should monitor MVRV trends closely for actionable signals, as shifts in this metric frequently precede significant market moves. Source: glassnode (@glassnode, May 21, 2025).