CryptoWorld News reports that, according to a tweet from Glassnode, Bitcoin's MVRV has compressed to near the long-term average, with the previous +1σ extreme value now fully reset. The valuation is approaching levels historically associated with better risk-reward, but it has not yet entered the deep undervaluation zone.
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CryptoWorld News reports that, according to a tweet from Glassnode, Bitcoin's MVRV has compressed to near the long-term average, with the previous +1σ extreme value now fully reset. The valuation is approaching levels historically associated with better risk-reward, but it has not yet entered the deep undervaluation zone.