In the past year, Bitcoin's MVRV ratio has consistently surpassed its price, indicating that the cryptocurrency was relatively expensive for investment purposes. However, following the correction after its all-time high, Bitcoin's price has been stuck in the $60,000 - $65,000 range, showing a relatively horizontal movement.

During this period, the MVRV value experienced a roughly 30% correction, moving from the 3 zone to the 2 zone, positioning itself below the Bitcoin price curve. This could be interpreted as a buying zone for medium and long-term investors. The data loudly suggests that "Bitcoin is cheap now!"

This analysis provides a positive outlook for the market, indicating potential growth and favorable investment conditions.