{"id":654291,"date":"2024-11-22T13:30:35","date_gmt":"2024-11-22T13:30:35","guid":{"rendered":"https:\/\/wncen.com\/?p=654291"},"modified":"2024-11-21T20:19:13","modified_gmt":"2024-11-21T20:19:13","slug":"bitcoin-officially-overheated-mvrv-zone-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/","title":{"rendered":"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?"},"content":{"rendered":"

On-chain data shows Bitcoin has recently surpassed a level of the Market Value to Realized Value (MVRV) Ratio that has historically signaled overheated conditions.<\/p>\n

Bitcoin Has Surpassed Highest MVRV Deviation Pricing Band<\/h2>\n

In its latest weekly report, the on-chain analytics firm Glassnode<\/a> has discussed about how Bitcoin is looking right now from the perspective of a pricing model based on the MVRV Ratio<\/a>.<\/p>\n

The MVRV Ratio is a popular BTC indicator that keeps track of the ratio between the market cap of the asset and its realized cap<\/a>. The latter here is an on-chain capitalization model that, in short, tells us about the amount of capital that the investors as a whole have used to purchase their tokens.<\/p>\n

Related Reading: Shiba Inu Could See A 53% Surge If This Resistance Breaks, Analyst Explains<\/a><\/div>\n

Since the MVRV Ratio compares this initial investment against the value that the investors are currently holding (that is, the market cap), it essentially provides information about the profitability of the addresses on the BTC network.<\/p>\n

Now, the pricing model that Glassnode has created doesn’t directly make use of the MVRV Ratio itself, but rather some standard deviations (SDs) from its mean. Below is the chart for this model shared by the analytics firm in the report.<\/p>\n

\"Bitcoin
Looks like the price of the coin has recently surpassed the highest of the pricing bands | Source: Glassnode’s The Week Onchain – Week 47, 2024<\/a><\/figcaption><\/figure>\n

In this model, pricing levels correspond to BTC prices at which the MVRV Ratio would attain a value equal to a certain SD above or below its mean. At the +0.5 SD level, for instance, the MVRV Ratio is 0.5 SD greater than its mean value.<\/p>\n

From the graph, it’s apparent that the Bitcoin price has broken past the highest of the pricing bands part of this model with its latest run. The level in question is the +1.0 SD, equivalent to $90,200 at the moment.<\/p>\n

Historically, BTC has tended to form tops when its price has exceeded this pricing band. The reason behind this is the fact that at such high levels of the MVRV Ratio, the investors carry a significant amount of profits, so a mass selloff with the motive of profit-taking can become a real possibility.<\/p>\n

Related Reading: XRP Binance Inflows Spike: What It Means For Price<\/a><\/div>\n

The last time that the cryptocurrency broke past this barrier was in the first quarter of this year. As is visible in the chart, it didn’t take the price long to top out back then.<\/p>\n

In full-blown bull markets in the past, however, Bitcoin has generally sustained inside this overheated territory for notable periods of time before finding a peak. An example of this trend is also highlighted in the chart; the first half 2021 bull run<\/a> saw the coin stay in the zone for a few months thanks to high capital inflows.<\/p>\n

As such, it’s not necessary that BTC would immediately reach a cyclical top now that it has become overheated on this model.<\/p>\n

BTC Price<\/h2>\n

Bitcoin had risen beyond the $98,000 level earlier in the past day, but it seems the coin has suffered a minor setback as it’s now back at $97,500.<\/p>\n

\"Bitcoin
The BTC price appears to have been riding an uptrend recently | Source: BTCUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured image from Dall-E, Glassnode.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows Bitcoin has recently surpassed a level of the Market Value to Realized Value (MVRV) Ratio that has historically signaled overheated conditions. Bitcoin Has Surpassed Highest MVRV Deviation Pricing Band In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how Bitcoin is looking right now from the perspective of a pricing model based on the MVRV Ratio. The MVRV Ratio is a popular BTC indicator that keeps track of the ratio between the market cap of the asset and its realized cap. The latter here is an on-chain capitalization model that, in short, tells us about the amount of capital that the investors as a whole have used to purchase their tokens. Related Reading: Shiba Inu Could See A 53% Surge If This Resistance Breaks, Analyst Explains Since the MVRV Ratio compares this initial investment against the value that the investors are currently holding (that is, the market cap), it essentially provides information about the profitability of the addresses on the BTC network. Now, the pricing model that Glassnode has created doesn’t directly make use of the MVRV Ratio itself, but rather some standard deviations (SDs) from its mean. Below is the chart for this model shared by the analytics firm in the report. In this model, pricing levels correspond to BTC prices at which the MVRV Ratio would attain a value equal to a certain SD above or below its mean. At the +0.5 SD level, for instance, the MVRV Ratio is 0.5 SD greater than its mean value. From the graph, it’s apparent that the Bitcoin price has broken past the highest of the pricing bands part of this model with its latest run. The level in question is the +1.0 SD, equivalent to $90,200 at the moment. Historically, BTC has tended to form tops when its price has exceeded this pricing band. The reason behind this is the fact that at such high levels of the MVRV Ratio, the investors carry a significant amount of profits, so a mass selloff with the motive of profit-taking can become a real possibility. Related Reading: XRP Binance Inflows Spike: What It Means For Price The last time that the cryptocurrency broke past this barrier was in the first quarter of this year. As is visible in the chart, it didn’t take the price long to top out back then. In full-blown bull markets in the past, however, Bitcoin has generally sustained inside this overheated territory for notable periods of time before finding a peak. An example of this trend is also highlighted in the chart; the first half 2021 bull run saw the coin stay in the zone for a few months thanks to high capital inflows. As such, it’s not necessary that BTC would immediately reach a cyclical top now that it has become overheated on this model. BTC Price Bitcoin had risen beyond the $98,000 level earlier in the past day, but it seems the coin has suffered a minor setback as it’s now back at $97,500. Featured image from Dall-E, Glassnode.com, chart from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":654292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,84723,86686,88595,6481,1119,78790],"class_list":["post-654291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-mvrv","tag-bitcoin-mvrv-ratio","tag-bitcoin-overheated","tag-bitcoin-rally","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Officially In Overheated MVRV Zone, Rally End Near?<\/title>\n<meta name=\"description\" content=\"On-chain data shows Bitcoin has recently surpassed a level of the MVRV Ratio that has historically signaled overheated conditions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?\" \/>\n<meta property=\"og:description\" content=\"On-chain data shows Bitcoin has recently surpassed a level of the MVRV Ratio that has historically signaled overheated conditions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-22T13:30:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-21T20:19:13+00:00\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?\",\"datePublished\":\"2024-11-22T13:30:35+00:00\",\"dateModified\":\"2024-11-21T20:19:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/\"},\"wordCount\":572,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin MVRV\",\"Bitcoin MVRV Ratio\",\"Bitcoin Overheated\",\"bitcoin rally\",\"btc\",\"BTCUSDT\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/\",\"name\":\"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024\",\"datePublished\":\"2024-11-22T13:30:35+00:00\",\"dateModified\":\"2024-11-21T20:19:13+00:00\",\"description\":\"On-chain data shows Bitcoin has recently surpassed a level of the MVRV Ratio that has historically signaled overheated conditions.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/wncen.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?","description":"On-chain data shows Bitcoin has recently surpassed a level of the MVRV Ratio that has historically signaled overheated conditions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?","og_description":"On-chain data shows Bitcoin has recently surpassed a level of the MVRV Ratio that has historically signaled overheated conditions.","og_url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-11-22T13:30:35+00:00","article_modified_time":"2024-11-21T20:19:13+00:00","author":"Keshav Verma","twitter_card":"summary_large_image","twitter_image":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?","datePublished":"2024-11-22T13:30:35+00:00","dateModified":"2024-11-21T20:19:13+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/"},"wordCount":572,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024","keywords":["bitcoin","Bitcoin MVRV","Bitcoin MVRV Ratio","Bitcoin Overheated","bitcoin rally","btc","BTCUSDT"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/","url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/","name":"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024","datePublished":"2024-11-22T13:30:35+00:00","dateModified":"2024-11-21T20:19:13+00:00","description":"On-chain data shows Bitcoin has recently surpassed a level of the MVRV Ratio that has historically signaled overheated conditions.","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024","width":1792,"height":1024,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?","url":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-officially-overheated-mvrv-zone-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin mvrv","bitcoin mvrv ratio","bitcoin overheated","bitcoin rally","btc","btcusdt"],"dateCreated":"2024-11-22T13:30:35Z","datePublished":"2024-11-22T13:30:35Z","dateModified":"2024-11-22T13:30:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Officially In Overheated MVRV Zone, Rally End Near?\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-officially-overheated-mvrv-zone-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-officially-overheated-mvrv-zone-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/btc_382e20.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/btc_382e20.png?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin mvrv\",\"bitcoin mvrv ratio\",\"bitcoin overheated\",\"bitcoin rally\",\"btc\",\"btcusdt\"],\"dateCreated\":\"2024-11-22T13:30:35Z\",\"datePublished\":\"2024-11-22T13:30:35Z\",\"dateModified\":\"2024-11-22T13:30:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/btc_382e20.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/654291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=654291"}],"version-history":[{"count":3,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/654291\/revisions"}],"predecessor-version":[{"id":654318,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/654291\/revisions\/654318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/654292"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=654291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=654291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=654291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}