The history of Bitcoin's MVRV ratio chain shows that the very low area is in the area below 1. If this area is touched there will be a very high bounce and this area is also often referred to as a very good area for accumulation areas.

history such as years:

2011, Ratio 0.413

2015, Ratio 0.633

2018, Ratio 0.691

2022, Ratio 0.8

#BTC