Bitcoin's 2-Year MVRV Z-Score Falls to Record Low in Historic Oversold Territory
Bitcoin's 2-year rolling MVRV Z-Score has dropped to its lowest level on record, according to analyst Michael van de Poppe. The metric has fallen below previous lows seen during the March 2020 crash, November 2022 FTX collapse, and December 2018 bear market. The indicator measures the gap between Bitcoin's market value and realized value, showing most holders currently carry unrealized losses.