📉 Bitcoin MVRV Ratio Z-Score Falls Below −0.5 Today, $BTC MVRV Ratio Z-Score dropped below −0.5, falling beneath its 365-day moving average and returning to August 2026 levels. The indicator measures how far Bitcoin's MVRV ratio is from its historical average in standard deviations. In previous market cycles, BTC bottoms formed around −1 to −1.1. However, readings below −0.5 may already signal a potential accumulation zone, even before the final market bottom.
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