On Glassnode’s Profitability Map, $MORPHO is making waves with a profitability score of 1.42, yet profit-taking remains subdued at just 0.34. This indicates that while investors are sitting on substantial unrealized gains, they’ve been hesitant to lock in profits, likely waiting for further price appreciation. MVRV Insights: A Snapshot of Investor Behavior The MVRV (Market Value to Realized Value) ratio by age bands provides deeper insights into $MORPHO’s profitability. The 1-3 month cohort shows the highest unrealized profits, with an impressive MVRV of 4.13, signaling a strong incentive for these holders to cash out. Across the board, the aggregated MVRV
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