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Bitcoin is Approaching Undervalued Zone Generally, when the MVRV ratio falls below 1, Bitcoin is considered undervalued. Currently, this indicator is around 1.1, suggesting that the price is approaching Bitcoin's undervalued range.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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