最新报道:Bitcoin's current bull run shows retail FOMO speculation contrasting with institutional caution on macro risks. The MVRV ratio at 2.3x indicates a healthy phase with long-term holders securing 230% gains, while NVT near 2.2 suggests possible short-term consolidation. The 2022 breakout at $16,000 marked Bitcoin's shift to store-of-value status, reinforced by MVRV/NVT normalization and the upcoming 2024 halving. Institutional projections target $150,000–$200,000 by late 2025, though 30–50% corrections remain likely as NVT Golden Cross nears speculative levels. The maturing market favors utility over speculation, with long-term holders advised to accumulate dips while retail investors should avoid excessive leverage.