BTC’s Mysterious Dance: Is the Devil in the Details? 🎩🪶
In a missive dated July 31, the soothsayer of CryptoQuant, one CoinCare, pondered the Market Value to Realized Value ratio—now 2.2, creeping toward its 365-day MA. History, that unreliable narrator, claims such convergence precedes rallies. The metric allegedly ascends to overvaluation zones (~3.7), where bulls don golden horns and bears flee screaming. 🐂