Time to Pay Attention: Critical Bitcoin Metric Just Hit Its Lowest Level Since the FTX Collapse

Bitcoin’s MVRV (Market Value to Realized Value) data, which indicates how overvalued or undervalued the asset is relative to its normal “zero-sum game,” is at the same level as late 2022, right after the FTX collapse, Santiment reported on Thursday. When the 365-day MVRV was oversold and severely negative following the FTX collapse, Bitcoin prices climbed 67% in the following three months, it added. “This is typical …