📊 Bitcoin MVRV Z-Score Insight
Historically, whenever Bitcoin formed a major top, the MVRV Z-Score moved above 4 almost every time. But this cycle looks different 👀 Even at BTC ATH, the score was only around 2.5 much lower than previous cycles. Similarly, whenever Bitcoin marked a major bottom, the MVRV Z-Score dropped below 1.
Recently, when BTC touched around $60K, the score was near 0.48 ✅
And that level eventually marked the bottom perfectly.
💡 This could mean:
• Less market euphoria
• A stronger market structure
• More upside potential left in this cycle 🚀
Is Bitcoin entering a completely different cycle this time? 🤔