PANews, October 18: Cryptocurrency analyst Darkfost noted that Bitcoin has encountered resistance near $87,000 and pulled back, with the MVRV indicator falling again below the 30th percentile (currently at 25.7%), signaling a return to a transitional phase following a wave of capitulation. This chart does not display the raw MVRV ratio (market value divided by realized value), but rather positions the current MVRV within its historical distribution to better reflect market cycle context. As MVRV drops below the 30th percentile, Bitcoin enters a range that has historically occurred only about 25% of the time. Although it has moved out of the “extremely undervalued” zone typically associated with market bottoms, the current region still exhibits characteristics consistent with an “accumulation zone.”
Bitcoin MVRV drops to 25.7%, entering transitional accumulation phase
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Summary
Bitcoin news on October 18, 2026, shows chart data indicating a pullback near $87,000, with MVRV declining to 25.7%. This level, below the 30th percentile, signals a return to a transitional accumulation phase following recent selling pressure. The Bitcoin chart now reflects a valuation historically observed only 25% of the time, still consistent with a chips accumulation phase.
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