Glassnode: ETH ’s MVRV ratio is currently 0.8, or it may be underestimated

According to Glassnode data, the MVRV ratio of Ethereum is currently 0.8, which may indicate that it is still underestimated. Note: MVRV is the ratio of the market value of encrypted assets (also known as market value) to the realized market value (also known as realized value), which can be used to compare the valuation of speculators and holders of assets. An MVRV ratio higher than 1 indicates that the average market valuation of speculators is higher than that of holders, while an MVRV ratio lower than 1 means that the market valuation of holders is higher than current speculators.