🚨 Bitcoin's MVRV (Market Value to Realized Value) score has recently fallen to 2.32, a decline of 6.45% since the beginning of April.

This indicator helps determine whether $BTC is overvalued or undervalued relative to its "fair" market value.

Typically, an #MVRV score above 3.5 suggests the market might be nearing a peak, while a score below 1 indicates a potential bottom, suggesting more favorable buying conditions.

Currently, the MVRV levels suggest there is room for potential growth over the next year, although the opportunities may not be as significant as those seen two years ago.

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