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🚀 Bitcoin Nearing “Undervalued” Territory
The MVRV ratio — a key metric comparing market value vs. realized value — is now around 1.1.
Historically:
• When MVRV drops below 1 → BTC is undervalued
• When MVRV rises high → BTC is overheated
At current levels, Bitcoin is approaching the zone where long-term investors typically accumulate.
We’re not there yet… but we’re getting close. 👀