Darkcast: Bitcoin MVRV drops to 5th percentile, in historically undervalued range

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CryptoQuant analyst Darkfost stated that the Bitcoin MVRV percentile is around the 5th percentile, meaning that 95% of the time in history, this indicator has been above its current level. MVRV measures the relationship between Bitcoin's market value and realized value, while Darkcast determines the relative position of the price by ranking the current MVRV in historical data. Since June, this indicator has once again fallen below 10%, and historical data shows that such periods correspond to long-term bottom ranges.

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