IntoTheBlock： Ethereum MVRV ratio is at bear market level

According to BlockBeats, on March 18th, according to IntoTheBlock data, the MVRV ratio of Ethereum is about 0.9, which is already at a bear market level. BlockBeats note: MVRV is an indicator used to compare the current market value of an asset with its realized value, providing insights into whether the asset is overvalued or undervalued. This indicator helps identify the extreme points of market sentiment - whether the trading price of an asset is above or below the buying cost of most investors. When the MVRV value is high, it usually indicates that the asset is overvalued and may enter the profit taking stage; A lower MVRV value usually indicates underestimation and may be a buying opportunity.