Load The Bags! Bitcoin MVRV Hits Key Accumulation Threshold – Details
Bitcoin's recent correction has pushed its price down to around $85,000, creating a wave of fear and investor capitulation. However, on-chain data indicates this may present a prime accumulation opportunity. The Bitcoin MVRV Percentile, a key metric comparing current market value to its historical realized value, has fallen into the 0-10% range. Historically, this zone signals extreme fear and market bottoms but has also preceded massive rallies. For instance, similar MVRV levels occurred after the 2015 Mt. Gox crash and the 2022 FTX collapse, both followed by significant price surges. Despite current short-term losses, analysts suggest this high-risk, high-reward threshold is an ideal entry point for investors seeking aggressive long-term gains, anticipating the next major upward move. Bitcoin currently trades near $88,200.
bitcoinist1h ago