{"id":20412,"date":"2023-01-23T09:00:45","date_gmt":"2023-01-23T02:00:45","guid":{"rendered":"https:\/\/www.fiahub.com\/blog\/?p=20412"},"modified":"2025-05-14T20:39:38","modified_gmt":"2025-05-14T13:39:38","slug":"phan-tich-du-lieu-on-chain-tuan-4-2023","status":"publish","type":"post","link":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/","title":{"rendered":"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">D\u1eef li\u1ec7u c\u1eadp nh\u1eadt t\u1eeb ng\u00e0y 16\/1 &#8211; 22\/1.<\/span><\/i><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"><strong>Xem th\u00eam<\/strong>: <a href=\"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-3-2023\/\">Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 3\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin n\u00e0y b\u00e1o hi\u1ec7u s\u1ef1 b\u1eaft \u0111\u1ea7u c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u0103ng gi\u00e1<\/a><\/span><\/li>\n<\/ul>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">N\u1ed9i dung b\u00e0i vi\u1ebft<\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#Chi_bao_on-chain_MVRV-Z_va_gia_thuc_hien_cua_BTC\" >Ch\u1ec9 b\u00e1o on-chain MVRV-Z v\u00e0 gi\u00e1 th\u1ef1c hi\u1ec7n c\u1ee7a BTC<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#Chi_bao_on-chain_Bitcoin_MVRV-Z\" >Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#Chi_bao_BTC_realized_price\" >Ch\u1ec9 b\u00e1o BTC realized price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#80_BTC_khong_thanh_khoan\" >80% BTC kh\u00f4ng thanh kho\u1ea3n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#Loi_ket\" >L\u1eddi k\u1ebft<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Chi_bao_on-chain_MVRV-Z_va_gia_thuc_hien_cua_BTC\"><\/span><b>Ch\u1ec9 b\u00e1o on-chain MVRV-Z v\u00e0 gi\u00e1 th\u1ef1c hi\u1ec7n c\u1ee7a BTC<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ph\u00e2n t\u00edch c\u1ee7a Fiahub v\u1ec1\u00a0 c\u00e1c ch\u1ec9 b\u00e1o on-chain <a href=\"https:\/\/www.fiahub.com\/blog\/bitcoin-la-gi-tong-quan-ve-dong-tien-dien-tu-dau-tien\/\">Bitcoin<\/a> (<a href=\"https:\/\/www.fiahub.com\/vn\/mua-bitcoin\/\">BTC<\/a>) cho th\u1ea5y r\u1eb1ng th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 \u0111\u00e3 ch\u1ea1m \u0111\u00e1y khi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ti\u1ebfp t\u1ee5c t\u00edch l\u0169y BTC v\u00e0 \u0111\u1ea9y ngu\u1ed3n cung k\u00e9m thanh kho\u1ea3n l\u00ean t\u1edbi 80%. H\u00e3y c\u00f9ng ch\u00fang t\u00f4i xem x\u00e9t c\u00e1c ch\u1ec9 s\u1ed1, bao g\u1ed3m ch\u1ec9 s\u1ed1 MVRV-Z v\u00e0 Gi\u00e1 th\u1ef1c hi\u1ec7n (BTC realized price) trong ph\u1ea7n ti\u1ebfp theo c\u1ee7a b\u00e0i ph\u00e2n t\u00edch n\u00e0y nh\u00e9.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Chi_bao_on-chain_Bitcoin_MVRV-Z\"><\/span><b>Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">MVRV-Z \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 li\u1ec7u BTC c\u00f3 b\u1ecb \u0111\u1ecbnh gi\u00e1 qu\u00e1 cao ho\u1eb7c b\u1ecb \u0111\u00e1nh gi\u00e1 th\u1ea5p hay kh\u00f4ng. C\u1ee5 th\u1ec3:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Khi gi\u00e1 tr\u1ecb th\u1ecb tr\u01b0\u1eddng cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi \u201cgi\u00e1 tr\u1ecb h\u1ee3p l\u00fd\u201d c\u1ee7a BTC, th\u00ec s\u1ed1 li\u1ec7u v\u1eabn n\u1eb1m trong v\u00f9ng m\u00e0u \u0111\u1ecf.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">M\u1eb7t kh\u00e1c, n\u1ebfu gi\u00e1 th\u1ea5p h\u01a1n gi\u00e1 tr\u1ecb th\u1ef1c c\u1ee7a BTC, th\u00ec s\u1ed1 li\u1ec7u s\u1ebd n\u1eb1m trong khu v\u1ef1c m\u00e0u xanh l\u00e1 c\u00e2y.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bi\u1ec3u \u0111\u1ed3 b\u00ean d\u01b0\u1edbi th\u1ec3 hi\u1ec7n ch\u1ec9 s\u1ed1 MVRV-Z v\u1edbi \u0111\u01b0\u1eddng m\u00e0u cam. Trong l\u1ecbch s\u1eed, ch\u1ec9 s\u1ed1 on-chain Bitcoin n\u00e0y \u0111\u00e3 v\u00e0o v\u00f9ng m\u00e0u xanh l\u00e1 c\u00e2y v\u00e0o gi\u1eefa n\u0103m 2022, ngay sau khi LUNA s\u1ee5p \u0111\u1ed5 v\u00e0 \u0111\u00e3 di chuy\u1ec3n trong v\u00f9ng m\u00e0u xanh l\u00e1 c\u00e2y k\u1ec3 t\u1eeb \u0111\u00f3. N\u00f3 ch\u1ec9 m\u1edbi \u0111\u1ed9t ph\u00e1 g\u1ea7n \u0111\u00e2y v\u00e0 \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 b\u00e1o hi\u1ec7u r\u1eb1ng th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 ch\u1ea1m \u0111\u00e1y.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trong l\u1ecbch s\u1eed, gi\u00e1 c\u1ee7a Bitcoin \u0111\u00e3 gi\u1ea3m \u0111\u00e1ng k\u1ec3 b\u1ea5t c\u1ee9 khi n\u00e0o ch\u1ec9 s\u1ed1 MVRV-Z \u0111\u1ea1t \u0111\u1ebfn v\u00f9ng m\u00e0u \u0111\u1ecf. Theo bi\u1ec3u \u0111\u1ed3, m\u1ed1i t\u01b0\u01a1ng quan n\u00e0y \u0111\u00e3 xu\u1ea5t hi\u1ec7n 6 l\u1ea7n k\u1ec3 t\u1eeb n\u0103m 2010. Do \u0111\u00f3, c\u00f3 th\u1ec3 k\u1ebft lu\u1eadn r\u1eb1ng ch\u1ec9 s\u1ed1 MVRV-Z ch\u1ec9 ra \u0111\u1ec9nh th\u1ecb tr\u01b0\u1eddng n\u1ebfu n\u00f3 n\u1eb1m trong v\u00f9ng m\u00e0u \u0111\u1ecf.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">T\u01b0\u01a1ng t\u1ef1, b\u1eb1ng ch\u1ee9ng l\u1ecbch s\u1eed c\u0169ng cho th\u1ea5y gi\u00e1 Bitcoin t\u0103ng sau khi s\u1ed1 li\u1ec7u \u0111\u1ea1t \u0111\u1ebfn v\u00f9ng m\u00e0u xanh l\u00e1 c\u00e2y, cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 ch\u1ea1m \u0111\u00e1y. Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 \u0111\u01b0\u1ee3c ghi nh\u1eadn v\u00e0o \u0111\u1ea7u n\u0103m 2012, 2015, 2019 v\u00e0 2020 t\u01b0\u01a1ng \u1ee9ng v\u1edbi c\u00e1c \u0111\u00e1y c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/span><\/p>\n<figure id=\"attachment_20413\" aria-describedby=\"caption-attachment-20413\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-20413\" src=\"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-01-builink-bitcoin-mvrv-z-score-2.webp\" alt=\"Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-01-builink-bitcoin-mvrv-z-score-2.webp 1800w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-01-builink-bitcoin-mvrv-z-score-2-300x169.webp 300w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-01-builink-bitcoin-mvrv-z-score-2-1024x576.webp 1024w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-01-builink-bitcoin-mvrv-z-score-2-150x84.webp 150w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-01-builink-bitcoin-mvrv-z-score-2-768x432.webp 768w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-01-builink-bitcoin-mvrv-z-score-2-1536x864.webp 1536w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-01-builink-bitcoin-mvrv-z-score-2-450x253.webp 450w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-01-builink-bitcoin-mvrv-z-score-2-1200x675.webp 1200w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-20413\" class=\"wp-caption-text\">Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Chi_bao_BTC_realized_price\"><\/span><b>Ch\u1ec9 b\u00e1o BTC realized price<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Gi\u00e1 th\u1ef1c hi\u1ec7n hay BTC realized price \u0111\u01b0\u1ee3c t\u00ednh b\u1eb1ng c\u00e1ch chia gi\u1edbi h\u1ea1n th\u1ef1c t\u1ebf cho ngu\u1ed3n cung hi\u1ec7n t\u1ea1i. C\u1ee5 th\u1ec3:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ch\u1ec9 b\u00e1o s\u1ebd cho th\u1ea5y m\u1ed9t th\u1ecb tr\u01b0\u1eddng gi\u00e1 xu\u1ed1ng khi gi\u00e1 th\u1ef1c t\u1ebf (actual\/real price) gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n (realized price).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu actual price t\u0103ng cao h\u01a1n realized price, \u0111i\u1ec1u \u0111\u00f3 cho th\u1ea5y m\u1ed9t th\u1ecb tr\u01b0\u1eddng t\u0103ng gi\u00e1.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bi\u1ec3u \u0111\u1ed3 tr\u00ean th\u1ec3 hi\u1ec7n m\u1ed1i quan h\u1ec7 gi\u1eefa realized price c\u1ee7a BTC v\u00e0 actual price k\u1ec3 t\u1eeb n\u0103m 2010. Actual price c\u1ee7a BTC \u0111\u00e3 th\u1ea5p h\u01a1n realized price k\u1ec3 t\u1eeb gi\u1eefa n\u0103m 2022. Tuy nhi\u00ean, s\u1ef1 c\u00e2n b\u1eb1ng n\u00e0y \u0111\u00e3 thay \u0111\u1ed5i g\u1ea7n \u0111\u00e2y khi actual price v\u01b0\u1ee3t qua realized price. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng t\u0103ng gi\u00e1.<\/span><\/p>\n<figure id=\"attachment_20414\" aria-describedby=\"caption-attachment-20414\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-20414\" src=\"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-02-builink-bitcoin-realized-price-usd-2.webp\" alt=\"Ch\u1ec9 b\u00e1o BTC realized price\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-02-builink-bitcoin-realized-price-usd-2.webp 1800w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-02-builink-bitcoin-realized-price-usd-2-300x169.webp 300w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-02-builink-bitcoin-realized-price-usd-2-1024x576.webp 1024w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-02-builink-bitcoin-realized-price-usd-2-150x84.webp 150w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-02-builink-bitcoin-realized-price-usd-2-768x432.webp 768w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-02-builink-bitcoin-realized-price-usd-2-1536x864.webp 1536w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-02-builink-bitcoin-realized-price-usd-2-450x253.webp 450w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-02-builink-bitcoin-realized-price-usd-2-1200x675.webp 1200w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-20414\" class=\"wp-caption-text\">Ch\u1ec9 b\u00e1o BTC realized price<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"80_BTC_khong_thanh_khoan\"><\/span><b>80% BTC kh\u00f4ng thanh kho\u1ea3n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 t\u00edch l\u0169y BTC trong v\u00e0i th\u00e1ng qua. Tuy nhi\u00ean, ph\u00e2n t\u00edch c\u1ee7a Fiahub cho th\u1ea5y t\u1eeb ng\u00e0y 13\/12\/2022, l\u01b0\u1ee3ng BTC tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch \u0111\u00e3 ch\u1ea1m m\u1ee9c th\u1ea5p nh\u1ea5t m\u1ecdi th\u1eddi \u0111\u1ea1i k\u1ec3 t\u1eeb n\u0103m 2018.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Vi\u1ec7c r\u00fat ti\u1ec1n c\u0169ng di\u1ec5n ra v\u1edbi s\u1ed1 l\u01b0\u1ee3ng l\u1edbn v\u00e0 v\u00e0o cu\u1ed1i th\u00e1ng 11, h\u01a1n 2 t\u1ef7 USD gi\u00e1 tr\u1ecb BTC \u0111\u00e3 \u0111\u01b0\u1ee3c r\u00fat kh\u1ecfi Coinbase.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">V\u00e0o ng\u00e0y 23\/12, Binance \u0111\u00e3 m\u1ea5t 90,000 BTC t\u1eeb kho d\u1ef1 tr\u1eef c\u1ee7a m\u00ecnh trong m\u1ed9t tu\u1ea7n.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">M\u1ed9t l\u01b0\u1ee3ng Bitcoin tr\u1ecb gi\u00e1 120 tri\u1ec7u USD kh\u00e1c \u0111\u00e3 \u0111\u01b0\u1ee3c r\u00fat t\u1eeb c\u00e1c s\u00e0n giao d\u1ecbch kh\u00e1c nhau trong 10 ng\u00e0y \u0111\u1ea7u ti\u00ean c\u1ee7a n\u0103m 2023.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">C\u00e1c s\u1ed1 li\u1ec7u hi\u1ec7n t\u1ea1i \u0111\u00e3 b\u00e1o hi\u1ec7u \u0111\u00e1y c\u1ee7a BTC k\u1ec3 t\u1eeb ng\u00e0y 19\/1. V\u00e0o ng\u00e0y 21\/1, BTC \u0111\u00e3 v\u01b0\u1ee3t qua m\u1ee9c 23,000 USD, ghi nh\u1eadn m\u1ee9c t\u0103ng 50% k\u1ec3 t\u1eeb m\u1ee9c th\u1ea5p nh\u1ea5t trong th\u1ecb tr\u01b0\u1eddng g\u1ea5u l\u00e0 15,400 \u0111\u00f4 la. Tuy nhi\u00ean, bi\u1ebfn \u0111\u1ed9ng gi\u00e1 t\u0103ng kh\u00f4ng ng\u0103n \u0111\u01b0\u1ee3c vi\u1ec7c r\u00fat BTC. 20,000 BTC \u0111\u00e3 b\u1ecb r\u00fat kh\u1ecfi c\u00e1c s\u00e0n giao d\u1ecbch v\u00e0o ng\u00e0y 20\/1, v\u1edbi ph\u1ea7n l\u1edbn trong \u0111\u00f3 \u0111\u01b0\u1ee3c r\u00fat kh\u1ecfi Binance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">D\u1eef li\u1ec7u c\u0169ng ch\u1ec9 ra r\u1eb1ng m\u1ed9t l\u01b0\u1ee3ng l\u1edbn BTC \u0111\u00e3 r\u00fat \u0111ang \u0111\u01b0\u1ee3c g\u1eedi \u0111\u1ebfn kho l\u1ea1nh. V\u00ed d\u1ee5:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">450,000 BTC \u0111\u01b0\u1ee3c gi\u1eef tr\u00ean v\u00ed n\u00f3ng ho\u1eb7c s\u00e0n giao d\u1ecbch \u0111\u00e3 \u0111\u01b0\u1ee3c chuy\u1ec3n sang kho l\u1ea1nh v\u00e0o n\u0103m 2022.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">110,000 BTC kh\u00e1c \u0111\u00e3 \u0111\u01b0\u1ee3c g\u1eedi \u0111\u1ebfn kho l\u1ea1nh cho \u0111\u1ebfn n\u0103m 2023.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">V\u1edbi \u0111i\u1ec1u n\u00e0y, l\u01b0\u1ee3ng BTC k\u00e9m thanh kho\u1ea3n \u0111\u01b0\u1ee3c gi\u1eef trong v\u00ed l\u1ea1nh \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t m\u1ecdi th\u1eddi \u0111\u1ea1i l\u00e0 15.1 tri\u1ec7u BTC. S\u1ed1 ti\u1ec1n n\u00e0y chi\u1ebfm 80% t\u1ed5ng ngu\u1ed3n cung BTC \u0111ang l\u01b0u h\u00e0nh.<\/span><\/p>\n<figure id=\"attachment_20415\" aria-describedby=\"caption-attachment-20415\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-20415\" src=\"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-03-builink-BTC-illiquid-supply.jpeg\" alt=\"80% BTC kh\u00f4ng thanh kho\u1ea3n\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-03-builink-BTC-illiquid-supply.jpeg 1800w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-03-builink-BTC-illiquid-supply-300x169.jpeg 300w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-03-builink-BTC-illiquid-supply-1024x576.jpeg 1024w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-03-builink-BTC-illiquid-supply-150x84.jpeg 150w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-03-builink-BTC-illiquid-supply-768x432.jpeg 768w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-03-builink-BTC-illiquid-supply-1536x864.jpeg 1536w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-03-builink-BTC-illiquid-supply-450x253.jpeg 450w, https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-03-builink-BTC-illiquid-supply-1200x675.jpeg 1200w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-20415\" class=\"wp-caption-text\">80% BTC kh\u00f4ng thanh kho\u1ea3n<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Bi\u1ec3u \u0111\u1ed3 tr\u00ean bi\u1ec3u th\u1ecb ngu\u1ed3n cung c\u1ea5p BTC k\u00e9m thanh kho\u1ea3n v\u1edbi c\u00e1c v\u00f9ng m\u00e0u xanh l\u00e1 c\u00e2y trong khi hi\u1ec3n th\u1ecb ngu\u1ed3n cung c\u1ea5p thanh kho\u1ea3n v\u1edbi m\u00e0u \u0111\u1ecf. Vi\u1ec7c t\u00edch l\u0169y BTC \u0111\u00e3 l\u00e0m t\u0103ng \u0111\u00e1ng k\u1ec3 ngu\u1ed3n cung k\u00e9m thanh kho\u1ea3n k\u1ec3 t\u1eeb th\u00e1ng 7\/2022, ngo\u1ea1i tr\u1eeb c\u00e1c kho\u1ea3ng th\u1eddi gian ng\u1eafn trong th\u00e1ng 7 v\u00e0 th\u00e1ng 10.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Loi_ket\"><\/span><b>L\u1eddi k\u1ebft<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Tu\u1ea7n qua, gi\u00e1 BTC \u0111\u00e3 c\u00f3 nh\u1eefng d\u1ea5u hi\u1ec7u h\u1ed3i ph\u1ee5c t\u00edch c\u1ef1c tr\u01b0\u1edbc d\u1ecbp T\u1ebft nguy\u00ean \u0111\u00e1n. T\u1ea1i th\u1eddi \u0111i\u1ec3m vi\u1ebft b\u00e0i, gi\u00e1 \u0111\u00e3 v\u01b0\u1ee3t m\u1ed1c 23,000 USD. C\u00e1c ch\u1ec9 b\u00e1o on-chain Bitcoin \u0111\u1ec1u \u1ee7ng h\u1ed9 quan \u0111i\u1ec3m m\u1ee9c gi\u00e1 th\u1ea5p nh\u1ea5t tr\u01b0\u1edbc \u0111\u00f3 l\u00e0 \u0111\u00e1y c\u1ee7a th\u1ecb tr\u01b0\u1eddng gi\u00e1 xu\u1ed1ng l\u1ea7n n\u00e0y. Tuy nhi\u00ean, c\u1ea7n ph\u1ea3i nh\u1edb r\u1eb1ng \u0111i\u1ec1u n\u00e0y kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 \u0111i v\u00e0o chu k\u1ef3 uptrend. Trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng downtrend, ch\u00fang ta v\u1eabn c\u00f3 th\u1ec3 ch\u1ee9ng ki\u1ebfn c\u00e1c \u0111\u1ee3t ph\u1ee5c h\u1ed3i nh\u1ea5t \u0111\u1ecbnh. V\u00e0 \u0111\u00e2y c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t trong nh\u1eefng \u0111\u1ee3t ph\u1ee5c h\u1ed3i \u0111\u00f3.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>D\u1eef li\u1ec7u c\u1eadp nh\u1eadt t\u1eeb ng\u00e0y 16\/1 &#8211; 22\/1. Xem th\u00eam: Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 3\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin n\u00e0y b\u00e1o hi\u1ec7u s\u1ef1 b\u1eaft \u0111\u1ea7u c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u0103ng gi\u00e1 Ch\u1ec9 b\u00e1o on-chain MVRV-Z v\u00e0 gi\u00e1 th\u1ef1c hi\u1ec7n c\u1ee7a BTC Ph\u00e2n t\u00edch c\u1ee7a Fiahub v\u1ec1\u00a0 c\u00e1c ch\u1ec9 b\u00e1o on-chain Bitcoin (BTC) cho<\/p>\n","protected":false},"author":23,"featured_media":20416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21849],"tags":[221,22501,8097],"class_list":{"0":"post-20412","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-phan-tich-nhan-dinh","8":"tag-bitcoin","9":"tag-mvrv-z-score","10":"tag-on-chain"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\/2023 - Fiahub<\/title>\n<meta name=\"description\" content=\"C\u00e1c ch\u1ec9 b\u00e1o on-chain Bitcoin nh\u01b0 MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y nh\u1eefng t\u00edn hi\u1ec7u c\u1ee7a vi\u1ec7c gi\u00e1 BTC \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y trong th\u1eddi gian qua.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y\" \/>\n<meta property=\"og:description\" content=\"C\u00e1c ch\u1ec9 b\u00e1o on-chain Bitcoin nh\u01b0 MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y nh\u1eefng t\u00edn hi\u1ec7u c\u1ee7a vi\u1ec7c gi\u00e1 BTC \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y trong th\u1eddi gian qua.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Fiahub Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FiahubVN\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/linhbuicycling\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-23T02:00:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-14T13:39:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2200\" \/>\n\t<meta property=\"og:image:height\" content=\"1320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Linh Bui\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xbuilink\" \/>\n<meta name=\"twitter:site\" content=\"@FIAHUBVN\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Linh Bui\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/\"},\"author\":{\"name\":\"Linh Bui\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/#\\\/schema\\\/person\\\/92f3543cf3a7888801f30fc1415d887c\"},\"headline\":\"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\\\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y\",\"datePublished\":\"2023-01-23T02:00:45+00:00\",\"dateModified\":\"2025-05-14T13:39:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/\"},\"wordCount\":1392,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg\",\"keywords\":[\"bitcoin\",\"MVRV Z-Score\",\"On-chain\"],\"articleSection\":[\"Nh\u1eadn \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/\",\"url\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/\",\"name\":\"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\\\/2023 - Fiahub\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg\",\"datePublished\":\"2023-01-23T02:00:45+00:00\",\"dateModified\":\"2025-05-14T13:39:38+00:00\",\"description\":\"C\u00e1c ch\u1ec9 b\u00e1o on-chain Bitcoin nh\u01b0 MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y nh\u1eefng t\u00edn hi\u1ec7u c\u1ee7a vi\u1ec7c gi\u00e1 BTC \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y trong th\u1eddi gian qua.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg\",\"contentUrl\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg\",\"width\":2200,\"height\":1320,\"caption\":\"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\\\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/phan-tich-du-lieu-on-chain-tuan-4-2023\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\\\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/\",\"name\":\"Fiahub Blog\",\"description\":\"Fiahub Blog\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/#organization\",\"name\":\"DIGITEX Pte Ltd\",\"url\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/2018-05-2723.41.06.jpg\",\"contentUrl\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/2018-05-2723.41.06.jpg\",\"width\":956,\"height\":500,\"caption\":\"DIGITEX Pte Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/FiahubVN\\\/\",\"https:\\\/\\\/x.com\\\/FIAHUBVN\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/#\\\/schema\\\/person\\\/92f3543cf3a7888801f30fc1415d887c\",\"name\":\"Linh Bui\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/bui-linh-avatar.png\",\"url\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/bui-linh-avatar.png\",\"contentUrl\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/bui-linh-avatar.png\",\"caption\":\"Linh Bui\"},\"description\":\"Linh B\u00f9i l\u00e0 m\u1ed9t nh\u00e0 s\u00e1ng t\u1ea1o n\u1ed9i dung, chuy\u00ean gia nghi\u00ean c\u1ee9u trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh n\u00f3i chung v\u00e0 ti\u1ec1n \u0111i\u1ec7n t\u1eed n\u00f3i ri\u00eang. V\u1edbi mong mu\u1ed1n chia s\u1ebb c\u00e1c tuy\u1ebfn b\u00e0i vi\u1ebft chuy\u00ean v\u1ec1 ki\u1ebfn th\u1ee9c, c\u1eadp nh\u1eadt tin t\u1ee9c v\u1ec1 th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh t\u1ea1i Vi\u1ec7t Nam v\u00e0 tr\u00ean to\u00e0n c\u1ea7u, Linh B\u00f9i \u0111\u00e3 v\u00e0 \u0111ang tham gia v\u1edbi vai tr\u00f2 bi\u00ean t\u1eadp vi\u00ean\\\/ng\u01b0\u1eddi s\u00e1ng t\u1ea1o n\u1ed9i dung t\u1ea1i m\u1ed9t s\u1ed1 n\u1ec1n t\u1ea3ng, s\u00e0n giao d\u1ecbch nh\u01b0 Fiahub, BeInCrypto, Mitrade, Finixio, Dr.Localize\u2026 Trong m\u1ed7i b\u00e0i vi\u1ebft c\u1ee7a m\u00ecnh, Linh B\u00f9i \u0111\u1ec1u mong mu\u1ed1n \u0111\u01a1n gi\u1ea3n h\u00f3a c\u00e1c kh\u00e1i ni\u1ec7m t\u00e0i ch\u00ednh li\u00ean quan, gi\u1ea3m thi\u1ec3u r\u00e0o c\u1ea3n gia nh\u1eadp cho \u0111\u1ed9c gi\u1ea3, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u1eefng ng\u01b0\u1eddi m\u1edbi tham gia.\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/linhbuicycling\",\"https:\\\/\\\/x.com\\\/0xbuilink\"],\"url\":\"https:\\\/\\\/www.fiahub.com\\\/blog\\\/author\\\/linh-bui\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\/2023 - Fiahub","description":"C\u00e1c ch\u1ec9 b\u00e1o on-chain Bitcoin nh\u01b0 MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y nh\u1eefng t\u00edn hi\u1ec7u c\u1ee7a vi\u1ec7c gi\u00e1 BTC \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y trong th\u1eddi gian qua.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/","og_locale":"en_US","og_type":"article","og_title":"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y","og_description":"C\u00e1c ch\u1ec9 b\u00e1o on-chain Bitcoin nh\u01b0 MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y nh\u1eefng t\u00edn hi\u1ec7u c\u1ee7a vi\u1ec7c gi\u00e1 BTC \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y trong th\u1eddi gian qua.","og_url":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/","og_site_name":"Fiahub Blog","article_publisher":"https:\/\/www.facebook.com\/FiahubVN\/","article_author":"https:\/\/www.facebook.com\/linhbuicycling","article_published_time":"2023-01-23T02:00:45+00:00","article_modified_time":"2025-05-14T13:39:38+00:00","og_image":[{"width":2200,"height":1320,"url":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg","type":"image\/jpeg"}],"author":"Linh Bui","twitter_card":"summary_large_image","twitter_creator":"@0xbuilink","twitter_site":"@FIAHUBVN","twitter_misc":{"Written by":"Linh Bui","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#article","isPartOf":{"@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/"},"author":{"name":"Linh Bui","@id":"https:\/\/www.fiahub.com\/blog\/#\/schema\/person\/92f3543cf3a7888801f30fc1415d887c"},"headline":"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y","datePublished":"2023-01-23T02:00:45+00:00","dateModified":"2025-05-14T13:39:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/"},"wordCount":1392,"publisher":{"@id":"https:\/\/www.fiahub.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg","keywords":["bitcoin","MVRV Z-Score","On-chain"],"articleSection":["Nh\u1eadn \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/","url":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/","name":"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\/2023 - Fiahub","isPartOf":{"@id":"https:\/\/www.fiahub.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#primaryimage"},"image":{"@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg","datePublished":"2023-01-23T02:00:45+00:00","dateModified":"2025-05-14T13:39:38+00:00","description":"C\u00e1c ch\u1ec9 b\u00e1o on-chain Bitcoin nh\u01b0 MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y nh\u1eefng t\u00edn hi\u1ec7u c\u1ee7a vi\u1ec7c gi\u00e1 BTC \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y trong th\u1eddi gian qua.","breadcrumb":{"@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#primaryimage","url":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg","contentUrl":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2023\/01\/01-24-04-builink-on-chain-bitcoin-tuan-4-2023.jpeg","width":2200,"height":1320,"caption":"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y"},{"@type":"BreadcrumbList","@id":"https:\/\/www.fiahub.com\/blog\/phan-tich-du-lieu-on-chain-tuan-4-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fiahub.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Ph\u00e2n t\u00edch d\u1eef li\u1ec7u on-chain tu\u1ea7n 4\/2023: Ch\u1ec9 b\u00e1o on-chain Bitcoin MVRV-Z v\u00e0 BTC realized price cho th\u1ea5y \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u00e1y"}]},{"@type":"WebSite","@id":"https:\/\/www.fiahub.com\/blog\/#website","url":"https:\/\/www.fiahub.com\/blog\/","name":"Fiahub Blog","description":"Fiahub Blog","publisher":{"@id":"https:\/\/www.fiahub.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fiahub.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.fiahub.com\/blog\/#organization","name":"DIGITEX Pte Ltd","url":"https:\/\/www.fiahub.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fiahub.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2019\/08\/2018-05-2723.41.06.jpg","contentUrl":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2019\/08\/2018-05-2723.41.06.jpg","width":956,"height":500,"caption":"DIGITEX Pte Ltd"},"image":{"@id":"https:\/\/www.fiahub.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/FiahubVN\/","https:\/\/x.com\/FIAHUBVN"]},{"@type":"Person","@id":"https:\/\/www.fiahub.com\/blog\/#\/schema\/person\/92f3543cf3a7888801f30fc1415d887c","name":"Linh Bui","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2024\/09\/bui-linh-avatar.png","url":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2024\/09\/bui-linh-avatar.png","contentUrl":"https:\/\/www.fiahub.com\/blog\/wp-content\/uploads\/2024\/09\/bui-linh-avatar.png","caption":"Linh Bui"},"description":"Linh B\u00f9i l\u00e0 m\u1ed9t nh\u00e0 s\u00e1ng t\u1ea1o n\u1ed9i dung, chuy\u00ean gia nghi\u00ean c\u1ee9u trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh n\u00f3i chung v\u00e0 ti\u1ec1n \u0111i\u1ec7n t\u1eed n\u00f3i ri\u00eang. V\u1edbi mong mu\u1ed1n chia s\u1ebb c\u00e1c tuy\u1ebfn b\u00e0i vi\u1ebft chuy\u00ean v\u1ec1 ki\u1ebfn th\u1ee9c, c\u1eadp nh\u1eadt tin t\u1ee9c v\u1ec1 th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh t\u1ea1i Vi\u1ec7t Nam v\u00e0 tr\u00ean to\u00e0n c\u1ea7u, Linh B\u00f9i \u0111\u00e3 v\u00e0 \u0111ang tham gia v\u1edbi vai tr\u00f2 bi\u00ean t\u1eadp vi\u00ean\/ng\u01b0\u1eddi s\u00e1ng t\u1ea1o n\u1ed9i dung t\u1ea1i m\u1ed9t s\u1ed1 n\u1ec1n t\u1ea3ng, s\u00e0n giao d\u1ecbch nh\u01b0 Fiahub, BeInCrypto, Mitrade, Finixio, Dr.Localize\u2026 Trong m\u1ed7i b\u00e0i vi\u1ebft c\u1ee7a m\u00ecnh, Linh B\u00f9i \u0111\u1ec1u mong mu\u1ed1n \u0111\u01a1n gi\u1ea3n h\u00f3a c\u00e1c kh\u00e1i ni\u1ec7m t\u00e0i ch\u00ednh li\u00ean quan, gi\u1ea3m thi\u1ec3u r\u00e0o c\u1ea3n gia nh\u1eadp cho \u0111\u1ed9c gi\u1ea3, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u1eefng ng\u01b0\u1eddi m\u1edbi tham gia.","sameAs":["https:\/\/www.facebook.com\/linhbuicycling","https:\/\/x.com\/0xbuilink"],"url":"https:\/\/www.fiahub.com\/blog\/author\/linh-bui\/"}]}},"_links":{"self":[{"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/posts\/20412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/comments?post=20412"}],"version-history":[{"count":2,"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/posts\/20412\/revisions"}],"predecessor-version":[{"id":31772,"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/posts\/20412\/revisions\/31772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/media\/20416"}],"wp:attachment":[{"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/media?parent=20412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/categories?post=20412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiahub.com\/blog\/wp-json\/wp\/v2\/tags?post=20412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}