According to glassnode, Bitcoin's MVRV Ratio has reverted to its long-term mean of 1.74, a historically significant level often linked to consolidation phases in the market. This pullback indicates a cooling of unrealized gains, much like the reset witnessed during the August 2024 unwind, and suggests that if the 1.74 level is maintained, it could act as a crucial support zone for traders monitoring entry and exit points (source: glassnode, May 5, 2025).