TechFlow reports that on September 26, CryptoQuant analyst Axel Adler Jr. stated that the ratio of the 30-day moving average of the adjusted MVRV to its 365-day moving average crossed above its 365-day moving average on August 20, marking Bitcoin's entry into the early bull market phase when it was priced at $71,255. This phase lasted 31 days, during which Bitcoin rose 13%.
Analyst: Adjusted MVRV indicator shows Bitcoin has entered a bull market phase
TechFlow reports that on September 26, CryptoQuant analyst Axel Adler Jr. stated that the ratio of the 30-day moving average of the adjusted MVRV to its 365-day moving average crossed above its 365-day moving average on August 20,…
深潮TechFlow
Publisher
Sep 26, 2026 at 7:17 AM UTC · 1 min de lecture
Key Signal
13% Bitcoin early-phase gain
Entities
bitcoin
Market Impact
BTC+0.13%$83,275
Last Updated
il y a 4 jours
On September 20, the ratio broke above the 1.0 baseline, indicating that the short-term MVRV mean exceeded the annual mean, and the market entered the bull market phase when Bitcoin was priced at $80,691. The ratio currently stands at 1.018, with Bitcoin priced at $84,156; as long as the ratio remains above 1.0, the bullish structure will remain intact.
Since 2012, this marks the sixth occurrence of a transition from the early bull phase to the bull phase. Of the previous five instances, prices ultimately finished higher than the entry level in four cases, with the sole exception being August 2015.
Follow the Story
- Sep 26Analyst: Adjusted MVRV indicator shows Bitcoin has entered a bull market phase
- Sep 30On the Chain: Bitcoin heads for best quarter in nearly two years despite late pullback
- Sep 30US Spot Bitcoin ETFs See $66.2 Million in Net Inflows
- Sep 30Bitcoin posts best quarterly gain in nearly two years, rising over 40% despite recent pullback.
- Sep 26Analyst: Adjusted MVRV indicator shows Bitcoin has entered a bull market phase
- Sep 30On the Chain: Bitcoin heads for best quarter in nearly two years despite late pullback
- Sep 30US Spot Bitcoin ETFs See $66.2 Million in Net Inflows
- Sep 30Bitcoin posts best quarterly gain in nearly two years, rising over 40% despite recent pullback.
Sourced by
Originally reported by 深潮TechFlow
NewsLayer coverage based on externally reported material.
The Daily Brief
The onchain economy, before your day starts.
Curated markets, onchain insights, and key headlines — delivered every weekday morning.
Weekdays · Free · ~5 minute read
0
Applause
Was this article helpful?
Market Context
Bitcoin
BTC
$83,291
+0.14% (24H)
Market Cap
$1.67T
Circulating Supply
20.1M BTC
24H Volume
$28.2B
24H High
$84,527
Article Intelligence
Key Entities
Related Coverage
CryptoBitcoin Dips, While Ethereum, XRP, Dogecoin Gain: Bull Market 'Intact,' but Rally 'Showing Cracks,' Says Analystil y a 2 heures · 2 min read
CryptoAlkanes Asian Market Drove 61% of Bitcoin Transactions for 90 Days, SUBFROST Data Showsil y a 3 heures · 3 min read
CryptoRic Edelman Urges 10-40% Bitcoin Allocation, Sees $500K Price by 2030il y a 31 minutes · 2 min readSponsored
Ad
NewsLayerLearn more
NewsLayer Premium
Unlock deeper intelligence.
Ad-free reading, exclusive research, and real-time onchain insights.
Go Premium
