Analysis: The MVRV Z-Score has not yet entered the historical low green zone, which may indicate that it is not yet time to bottom out.

BTC-2,03%

ChainCatcher messages, encryption researcher anıl posted on X platform that based on historical data, when the MVRV Z-Score drops below 0, especially below -0.20, Bitcoin is at its lowest price point. In this cycle, Bitcoin’s lowest value reached +0.26, indicating that the classic “green zone” has not yet been tested. In every major previous cycle, the Z-Score has entered negative territory. If this value enters the negative zone again, it may signal the most attractive medium- to long-term risk-reward ratio zone for Bitcoin.

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