BTC and ETH 30 MVRV Ratio

• By comparing two valuation methods, MVRV ratio can tell us to get a sense of whether the price is fair or not, which means it is useful to get market tops and bottoms.

• When this value is too high, BTC price may be overvalued, possibly implying selling pressure. On the other hand, when this value is too low, BTC price may be undervalued, possibly implying buying pressure.

• As of October 4th both BTC and ETH are in a slightly over bought range at the moment. This is on the 30 day scale so it is also good to remember that September was a bit of a slow month and we have had nothing but forward momentum since the start of the month.