A crucial bitcoin market indicator is signaling that the worst of the crypto crash might be over (opens original article in a new tab)
A key bitcoin market indicator suggests the worst of the crypto crash may be over, as the MVRV Z-Score approaches a historical threshold associated with bear market bottoms.
- The MVRV Z-Score is near the 'green zone' historically linked to bear market bottoms.
- Long-term and short-term holder MVRV metrics have not yet converged, indicating potential for further price decline.
- Bitcoin's market price is nearing its realized fair value after a recent sell-off.
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