🔥 #Bitcoin Short Term MVRV hits historic support zone
$BTC is once again testing the Short Term MVRV support band, the same region that marked major cycle bottoms in 2016, 2019, 2020, and 2023.
Each touch of this green zone previously triggered strong demand absorption, aggressive dip buying, and multi month expansions. Now the metric is compressing near 1.0 again, signaling short term holders are back to breakeven where fear peaks and smart money accumulates
Red circles in past cycles aligned with breakdown risk and weak structure. Green clusters consistently preceded explosive rebound🚀
If history rhymes, this is not distribution. This is positioning. Capitulation creates opportunity.