- 2015: MVRV Z-Score dipped below 0.1, signaling undervalued Bitcoin before parabolic rallies.
- 2019: MVRV Z-Score dipped below 0.1, marking the end of a bear market.
- Current MVRV Z-Score: 0.03, indicating a potential buying opportunity.
Current Market Sentiment:
- Short-term holders are underwater, with 88% of them holding Bitcoin at lower prices.
- Long-term holders continue accumulating.
Analyst’s View:
- MVRV Z-Score suggests Bitcoin may be on the cusp of explosive growth after a period of heavy bearish sentiment.
- High volatility expected in the months ahead.
Recommendation:
- Traders should brace for high volatility in the coming months.