Bitcoin’s MVRV has slipped back into the mid-1.5s. This is where supply usually starts shifting from short-term to long-term holders. Historically, it’s the quiet part of the cycle where bottoms form slowly.
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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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