🚨 BITCOIN ALERT: MVRV-Z HITS LOWEST SINCE OCT 2022 🚨
Glassnode analyst Chris Beamish reports Bitcoin’s MVRV-Z score has dropped to levels not seen since October 2022.
💡 Why it matters:
• Historically, this level coincided with BTC trading around $29K — a zone often seen as market cooling / undervalued.
• The drop suggests Bitcoin is aligning with its fair market value, reducing previous signs of overheating.
• Potential opportunity for long-term accumulation if history repeats.
⚖️ Bottom line: Market overheating is easing, and BTC may be closer to its fair value zone than most expect.
#bitcoin #BTC #crypto #Glassnode #MVRVZ #MarketInsights