I looked at the data from Glassnode and it’s interesting: Bitcoin’s MVRV Z-Score shows that we’re really moving away from overvaluation levels. Do you remember when it was at 3 points in March? Now it has dropped significantly.



What strikes me is that the MVRV Z-Score is moving closer to zones historically associated with undervaluation. When we look at the history, every time this indicator approaches 0, it usually marks a market trough. With Bitcoin around 77.5K and Ether at 2.13K, we could be in an interesting phase.

The MVRV Z-Score suggests that the timing could be favorable for long-term investors. This is the kind of signal we watch to identify potential entry points. We’ll see how it evolves in the coming weeks.
BTC-2.51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned