📉 #Bitcoin at $38K enters the Panic Zone. On-chain metrics spotlight crucial levels:

➡️ All-time average MVRV: ~$40,000

➡️ Short-term cost basis: ~$38,000

Observing market reactions here is vital. Dropping below $38,130 may induce panic selling. Stay vigilant! 🚨 #BTCPrice #CryptoMarket