Bitcoin MVRV Lowest Since FTX Crash, Signal To Buy?
Summary
The 30-day Bitcoin Market Value to Realized Value (MVRV) ratio has dropped sharply, reaching negative values of 17%. This indicates that the average investor who bought in the past month is 17% in the red. The last time the ratio plummeted this low was in November 2022, following the collapse of the cryptocurrency exchange FTX. Historically, when investor profits surge, a market top becomes likely, while high losses may signal a potential rebound. The Bitcoin price has shown early signs of recovery, reaching $54,400 from its low under $50,000.
