Deep Tide TechFlow News, June 8th, CryptoQuant analyst Crypto Dan published an article pointing out that Bitcoin's MVRV is currently at 1.1, approaching the historically significant undervalued zone marking major market bottoms. If the price further dips to the low of $50k, MVRV may reach a fully undervalued level of 1.0. Historical data shows that this level has appeared three times at the bottoms of bear markets in 2015, 2019, and 2022, and has all served as the starting point for strong medium- to long-term rebounds.

BTC2.36%
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