MVRV (market value to realized value ratio) recently fell below its 365-day moving average. Historically, this has signaled market bottoms and potential recovery zones.

For long-term investors, this may look like an opportunity, but caution is warranted. Until MVRV returns above this critical level, it is important to maintain a balanced approach.

In past cycles, a return to this level has often signaled a return to optimism, but current conditions, including macroeconomic challenges, may delay the recovery.

Therefore, remain cautiously optimistic and consider risks until MVRV shows sustained growth.