Price is still climbing and the crowd is still cheering. But is the fever already breaking?
PulseFlow MVRV-Z Adaptive BTC is a TradingView indicator for Bitcoin investors and medium- and long-term traders. In its own pane under the 1-day chart, it shows whether Bitcoin runs on euphoria or panic, and when that feeling starts to fade while price is still pushing.
Two values, one feeling
Market value is what all the coins are worth today. Realized value is, roughly, what holders actually paid for them. When the first races far ahead, people feel like geniuses. When it sinks back, fear takes the wheel. One cyan line, MVRV-Z, shows how stretched that gap is, between an upper and a lower band.
Euphoria in maroon, panic in green
In the upper extreme zone the background turns maroon: valuation elevated, the mood runs hot. In the lower extreme zone it turns green: valuation depressed, fear rules. It is the temperature of the room, not a promised top or bottom.
The moment the feeling runs out
Imagine Bitcoin pushing to a new macro high. Headlines roar, yet the line peaks lower than last time. A red D lands on the price pivot: euphoria may be fading. Now flip it. Price digs a lower low and everyone swears the story is over, but the line makes a higher low. A green D: panic may be fading. Purple and light-blue W triangles do the same with weekly pivots, calculated inside the indicator.
Bands that follow today's Bitcoin
Instead of leaning only on old fixed levels that recent cycles no longer reach, the bands adapt to how Bitcoin behaves now. The default mode, Regime, keeps the classic model for earlier cycles and moves progressively to adaptive bands for the recent market. Adaptive, Classic and Hybrid are one setting away.
Good to know
1-day Bitcoin chart only. Triangles appear once a pivot is confirmed, and not every top or bottom gets one. It gives context, not entries or exits.
Stay calm when the crowd is not. Catch the moment the fever starts to fade.
View on TradingView ↗PulseFlow MVRV-Z Adaptive BTC is a TradingView indicator for Bitcoin investors and medium- and long-term traders. In its own pane under the 1-day chart, it shows whether Bitcoin runs on euphoria or panic, and when that feeling starts to fade while price is still pushing.
Two values, one feeling
Market value is what all the coins are worth today. Realized value is, roughly, what holders actually paid for them. When the first races far ahead, people feel like geniuses. When it sinks back, fear takes the wheel. One cyan line, MVRV-Z, shows how stretched that gap is, between an upper and a lower band.
Euphoria in maroon, panic in green
In the upper extreme zone the background turns maroon: valuation elevated, the mood runs hot. In the lower extreme zone it turns green: valuation depressed, fear rules. It is the temperature of the room, not a promised top or bottom.
The moment the feeling runs out
Imagine Bitcoin pushing to a new macro high. Headlines roar, yet the line peaks lower than last time. A red D lands on the price pivot: euphoria may be fading. Now flip it. Price digs a lower low and everyone swears the story is over, but the line makes a higher low. A green D: panic may be fading. Purple and light-blue W triangles do the same with weekly pivots, calculated inside the indicator.
Bands that follow today's Bitcoin
Instead of leaning only on old fixed levels that recent cycles no longer reach, the bands adapt to how Bitcoin behaves now. The default mode, Regime, keeps the classic model for earlier cycles and moves progressively to adaptive bands for the recent market. Adaptive, Classic and Hybrid are one setting away.
Good to know
1-day Bitcoin chart only. Triangles appear once a pivot is confirmed, and not every top or bottom gets one. It gives context, not entries or exits.
Stay calm when the crowd is not. Catch the moment the fever starts to fade.
Price
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