Bitcoin’s MVRV Z-Score Reaches Historic Low, Signaling Accumulation Potential

Bitcoin Magazine Pro has highlighted a concerning but potentially bullish signal: the 2-Year Rolling MVRV Z-Score has reached an all-time low. This reading, which compares Bitcoin’s market value to its on-chain activity, is deeper than previous capitulation points in 2015, 2018, and 2022. The chart shows the metric plummeting below historical lows, raising questions for traders: Is this a textbook accumulation window or could Bitcoin decline further?