$BTC got rejected near $87K, and its MVRV percentile has dropped to 25.7%.
According to Darkfost, Bitcoin is back in a valuation range historically associated with accumulation.
That doesn’t mean the bottom is in. Bitcoin has been cheaper relative to its history, and the market could still have more downside.
But when valuations cool this much, long-term buyers have a different reason to pay attention than short-term traders chasing a breakout.
According to Darkfost, Bitcoin is back in a valuation range historically associated with accumulation.
That doesn’t mean the bottom is in. Bitcoin has been cheaper relative to its history, and the market could still have more downside.
But when valuations cool this much, long-term buyers have a different reason to pay attention than short-term traders chasing a breakout.