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Did you see that the Bitcoin MVRV indicator dropped to 1.1? This is the first time since early 2023 that it’s been at this level, and it’s a pretty interesting signal. These days, BTC is trading around $80k, which is about a 46% decrease from the peak of $126,000 last October.
The MVRV indicator compares market capitalization to realized capitalization, and when it drops below 1.0, it theoretically means a significant amount of supply is at a loss. Interestingly, the last time it fell below 1.0 in early 2023, Bitcoin increased over 500% afterward. Data analysts are also pointing out that this recent movement in the MVRV indicator resembles patterns seen at past cycle bottoms.
ただし 모든 분석가가 지금이 바닥이라고 보는 건 아니야. 일부는 2026년 4분기에 40k에서 50k 달러 사이에서 저점이 형성될 수 있다고 봐. MVRV 지표는 복잡한 시장을 읽기 위한 여러 신호 중 하나일 뿐, 완벽한 타이밍 도구는 아니니까 신중하게 봐야 해.