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In this on-chain update from February 23rd, the speaker reflects on their journey in on-chain analysis since 2019, highlighting the significance of the MVRV metric. Developed by Murad Marmadov and Dave Puel in 2018, MVRV is recognized as the first on-chain oscillator, leveraging realized capitalization. The speaker is inspired to build a new dashboard and report using Glassnode to emphasize fundamental concepts surrounding MVRV, which holds more information than many realize. They express enthusiasm for exploring what MVRV entails, suggesting it's an insightful exercise for understanding market dynamics.