📊 Is $BTC Nearing Undervalued Territory? Let’s Break It Down.

According to CryptoQuant data, Bitcoin’s MVRV (Market Value to Realized Value) ratio is currently around 1.2.

🔎 What does that mean?

• MVRV < 1 → Historically signals undervaluation

• MVRV = 1 → Average holder break-even

• MVRV > 1 → Holders in profit

Right now at 1.2, BTC is approaching levels that have previously aligned with strong accumulation zones — but it hasn’t fully entered classic “deep undervaluation” territory yet.

📉 When MVRV drops below 1, it typically indicates:

• Majority of holders are at a loss

• Capitulation phase

• Long-term accumulation opportunity

So the real question:

Are we near a macro bottom — or just cooling before another move?

Bottoms are usually formed during:

✔ Fear

✔ Low sentiment

✔ Weak hands exiting

✔ Long-term buyers quietly accumulating

History doesn’t

#BTC #CryptoQuant #OnChainAnalysis #MVRV