Bitcoin MVRV Z-Score Cools While Bull Cycle Stays Intact
Bitcoin continues to navigate a period of consolidation following its strong rally earlier in the cycle. One of the most closely watched on-chain indicators, the MVRV Z-score, has steadily declined over recent months, reflecting a reduction in unrealized profits across the network. However, despite this pullback, Bitcoin’s valuation remains far from the overheated levels that […]
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