Why a hidden math metric shows bitcoin may be getting too cheap for investors to ignore
After a massive selloff last week, one of bitcoin’s BTC$63,555.38 closely watched onchain metrics is approaching a threshold that has historically marked bear market bottoms. The metric is called the market value-to-realized value (MVRV) Z-Score. Every major bitcoin cycle bottom has coincided with the Z-Score touching or briefly dipping below zero (into the green zone,...
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