Bitcoin MVRV Z-Score Compresses To Levels Last Seen Near $29,000
On-chain data shows the Bitcoin MVRV Z-Score has fallen to its lowest level in years following the price crash below the $80,000 level. Bitcoin MVRV Z-Score Has Plummeted Recently In a new MVRV Z-Score, an indicator that aims to estimate whether the asset is overvalued or undervalued based on how its market cap compares against…
Don’t Call Bitcoin Bottom Just Yet, CryptoQuant Head Says: Here’s Why
The Head of Research at CryptoQuant has revealed why it may be too early to call a bottom for Bitcoin, based on the trend in on-chain data. Bitcoin MVRV Z-Score Has Plunged Under Its 365-Day MA In a new post on X, CryptoQuant Head of Research Julio Moreno has talked about why Bitcoin may not…