Bitcoin onchain analysis eyed a potential end to the BTC price downtrend as its MVRV ratio returned to levels not seen in three years.
Bitcoin most 'undervalued' since March 2023 at $20K, BTC price metric shows
AI IMPORTANCE: 3/10
◆
AI INSIGHT
On-chain data shows Bitcoin's market-value-to-realized-value (MVRV) ratio returned to levels not seen since March 2023; BTC trading around $20,000 posts the metric's lowest three-year reading.
Loading BTC data...
MOBILE APP