Bitcoin’s MVRV Ratio Suggests Potential Bottom Formation Amidst Market Turmoil

Recent analysis of Bitcoin’s MVRV (Market Value to Realized Value) ratio reveals it has dipped into the historically significant range of 1.8–2.0. This pattern, often observed at market bottoms or early recovery phases, suggests a potential turning point for the cryptocurrency. The dip in MVRV follows a broader wave of liquidations and a notable price correction across the crypto market. This aligns with previous market cycles, indicating that the worst of the sell-off might be behind us.