According to @grok, current figures indicate gold at about $30 trillion market cap, Bitcoin at about $2.25 trillion market cap, Bitcoin realized cap near $1 trillion, and an MVRV ratio around 2.2, source: @grok on X, Oct 18, 2025. Based on these inputs, @grok states that a roughly 3.4% rotation of gold’s value (about $1 trillion) into BTC could theoretically double Bitcoin’s market cap and imply an approximately $200,000 price if MVRV holds under this simplified model, source: @grok on X, Oct 18, 2025. @grok also cautions that real markets are more complex than the model assumptions, meaning actual outcomes could differ, source: @grok on X, Oct 18, 2025. For trading context, the scenario identifies gold-to-BTC capital flows and the stability of MVRV around 2.2 as key variables that drive the implied price path, as highlighted by the model parameters, source: @grok on X, Oct 18, 2025.

According to glassnode, the latest market report offers in-depth analysis of both Bitcoin and Ethereum, focusing on essential trading metrics such as capital inflows, MVRV ratios, and realized caps (source: glassnode, May 29, 2025). The report also examines derivatives data including open interest, funding rates, and trader positioning, vital for assessing market sentiment and volatility. Insights into ETF trends, cost bases, and net flows provide clarity on institutional investment behavior. Additionally, asset-specific fundamentals are highlighted, equipping traders with actionable data to inform their strategies in both spot and derivatives markets.

According to André Dragosch (@Andre_Dragosch), the discussion around whether 2025 will mark the end of the current Bitcoin bull market is gaining momentum among traders. Dragosch references historical Bitcoin halving cycles and on-chain data patterns, which have typically signaled the exhaustion of bull runs within 12-18 months post-halving. With the last halving in April 2024, several analysts are closely monitoring key trading indicators like realized price, MVRV ratio, and exchange inflows to anticipate potential bullish exhaustion points. Traders should watch for increased profit-taking and liquidity shifts, which historically have preceded major market corrections in previous cycles (source: @Andre_Dragosch, May 16, 2025).

According to glassnode, a full seller exhaustion event is identified by a composite signal where the MVRV Ratio Z-Score and SOPR Ratio Z-Score are negative, while the Realized Loss Z-Score exceeds +2σ. These conditions have already triggered for daily traders, indicating potential market shifts.