Bitcoin’s MVRV Ratio Hits 2022 Lows, Signaling Mixed Market Sentiment

Bitcoin’s MVRV Ratio Hits 2022 Lows, Signaling Mixed Market Sentiment

Bitcoin’s recent price action has drawn comparisons to the tail end of the 2022 bear market, with on-chain data suggesting that long-term holders are currently sitting on significant unrealized losses. The 365-day Market Value to Realized Value (MVRV) Ratio, which measures the average return of investors who bought Bitcoin within the past year, has plummeted to -26.6%, a level not seen since late… Source

Critical Bitcoin Metric Just Hit Its Lowest Level Since the FTX Collapse - Invest In Crypto News

A key technical metric measuring Bitcoin’s value is at its lowest level since the bear market in 2022. Bitcoin’s MVRV (Market Value to Realized Value) data, which indicates how overvalued or undervalued the asset is relative to its normal “zero-sum game,” is at the same level as late 2022, right after the FTX collapse, Santiment reported on Thursday. When the 365-day MVRV was oversold and severely negative following the FTX collapse, Bi…

Time to Pay Attention: Critical Bitcoin Metric Just Hit Its Lowest Level Since the FTX Collapse

Bitcoin’s MVRV (Market Value to Realized Value) data, which indicates how overvalued or undervalued the asset is relative to its normal “zero-sum game,” is at the same level as late 2022, right after the FTX collapse, Santiment reported on Thursday. When the 365-day MVRV was oversold and severely negative following the FTX collapse, Bitcoin prices climbed 67% in the following three months, it added. “This is typical when average returns are sign…