币界网报道：Bitcoin's MVRV (Market Value to Realized Value) ratio is signaling a potential 150% upside, as the metric currently sits at levels historically associated with major bull runs. The indicator, which compares Bitcoin's market cap to its realized cap, suggests the asset remains undervalued despite recent price surges. Analysts note that when the MVRV ratio has been at similar levels in past cycles, Bitcoin's price eventually rose by an average of 150% before peaking. This comes as Bitcoin's market capitalization approaches new highs, with institutional adoption and spot ETF inflows driving renewed interest. However, some caution that macroeconomic factors could impact this projection, as the Fed's monetary policy remains a key variable for risk assets.