Bitcoin has slipped into what analysts call a “cheap zone,” with its market value to realized value (MVRV) ratio falling to 1.1, a 27-month low. A reading of this nature has historically preceded major market bottoms. A Reading Not Seen Since 2023 Cryptoquant analysts noted that bitcoin’s MVRV ratio has dropped to about 1.1, sitting […]Is Bitcoin Bottoming? MVRV Falls to 1.1, Entering the ‘Cheap Zone’ That Marked Every Major Low Since 2018
Bitcoin has slipped into what analysts call a “cheap zone,” with its market value to realized value (MVRV) ratio falling to 1.1, a 27-month low. A reading of this nature has historically preceded major market bottoms. A Reading Not Seen Since 2023 Cryptoquant analysts noted that bitcoin’s MVRV ratio has dropped to about 1.1, sitting […]