I'm checking back on $BTC.D via $BTC & $ETH short and long-term #MVRV...

I will try to post about alts soon, as they still have much room to run, but for now, a quick look at what the top 2 coins are doing in terms of how much unrealized on average each coin is sitting on.

I am also going to reach back further into the past to pick up data from 2017, but within the last 5 years, the average $BTC holder was willing to tolerate up to ~70% in unrealized gains +- a few % before they started to unload.  That puts us around $101,448.05 - $116,208.89 / $BTC.  We are nearing that limit...

Related to $BTC.D, $ETH is still only ~15% unrealized for the longer-term (365-day) coins on average.  Within the last 5 years, the average $ETH holder was willing to tolerate up to ~85% in unrealized gains +- a few % before they started to unload. That puts us around $4,960.65 - $5,667.32 / $ETH. This supports flipping BTC -> ETH now.

You may also notice the 30/60/90-day coins for both $BTC and $ETH (BTC slightly more than ETH) are statistically WAY WAY overbought.  

I would expect a slight local pull-back, but it is an opportunity to add more or jump in if on the sidelines.
#BTC.D #BTC #ETH #MVRV