MVRV Z-Score - an indicator calculated as the ratio of the difference between the market value (MV) and the realized value (RV) to the standard deviation of MV. It helps to determine: ⏺ Market overbought (Z-Score > 7) ⏺ Market oversold (Z-Score < 0) ⏺ Neutral zone (between 0 and 7)
BTC is in the capitulation zone, close to the accumulation phase, but the conditions for a confident bottom have not yet been established.
Last year, the stock prices of major companies that adopted Bitcoin as a strategic asset following MSTR's lead are currently trading at levels lower than the prices at the time of the announcement.
In this situation, it's hard to imagine how they could actively raise funds.
(crypto trading): The correction lasted for months, and confidence was shaken when BTC broke below 80,000. People started to panic and feared a worst-case scenario of falling back below 70,000.