🔍#BitcoinMVRV Z-Score Analysis 🧐
The MVRV Z-Score chart is used to assess whether Bitcoin's market value (MV) is above or below its fair value. This indicator calculates the Z-score by comparing the market value (spot price × supply) with the realized value (BTC cumulative capital inflow).
When the market value is higher than the realized value, it usually indicates that Bitcoin is overvalued (red area); conversely, when the market value is lower than the realized value, it indicates that Bitcoin is undervalued (green area).
Currently, the Z-score is in a healthy area, suggesting that Bitcoin's valuation is relatively reasonable.
This may be a good entry point for long-term investors.
Stay tuned to market dynamics and make smart investment decisions! 📊💡 #BTC走势分析