Bitcoin’s MVRV drops below 30th percentile after $87K rejection
Bitcoin's MVRV drop suggests a potential accumulation phase, but cooling ETF demand and long-term holder distribution may hinder recovery. The post Bitcoin’s MVRV drops below 30th percentile after $87K rejection appeared first on Crypto Briefing.
AI summary
Bitcoin's MVRV ratio has fallen below its 30th percentile after the price was rejected at $87K, a level that historically has coincided with accumulation phases. However, cooling ETF demand and distribution by long-term holders could slow any recovery. The signal is mixed for traders: valuation looks cheap on this metric, but weakening demand and holder selling pressure argue against a quick rebound.
