$BTC / #Bitcoin: The MVRV Momentum has recently turned negative again. 👀 On October 31, our MVRV Reversal Pulse dipped below the zero line. After three consecutive negative daily readings, the model confirmed the shift on November 2. As of November 8, the pulse stands at −2.29%, worsening by a further 1.83 percentage points compared to last week. What does this indicator measure? MVRV compares Bitcoin’s market value to its on-chain cost basis. Our pulse contrasts the short-term MVRV average with the longer-term MVRV average. A negative value indicates that the short-term trend is below the longer-term average. The colors of the BTC line and histogram represent the same phases: 🟢 Positive momentum is strengthening. 🟡 Positive momentum is weakening. 🔵 Negative momentum is recovering. 🔴 Negative momentum is deteriorating. Changes are measured against the previous week. Recently, the red bars are growing longer again: weakness is increasing within the model. No signal for a bullish trend reversal is yet present on this time horizon. A shift to blue would be the first indication of stabilization. Three consecutive daily readings above zero would then confirm a positive phase in the model. A sustainable price bottom additionally requires confirmation from price action. Let’s go 💪 Knowledge is wealth. Recognize trends. Act with foresight. TSC | Trend Serra Capital