Bitcoin’s MVRV Ratio Falls to Yearly Lows – Is This the Ultimate Buy Signal?
According to CryptoQuant, the cryptocurrency market is currently in an oversold state following a strong correction. Bitcoin holdings for less than one month saw a notable surge in March and December 2024, reaching 23% and 24.5%, respectively. This pattern was accompanied by a market correction, which drove Bitcoin’s Market Value to the Realized Value (MVRV)