🔗 Original | Author Crypto Dan 📈 View Chart “#BTC Approaching Undervalued Zone, Structure Different from Past Cycles” Since reaching its all-time high in October 2025, Bitcoin has been in a downward trend for approximately four months and is currently approaching what is known as an undervalued zone. Generally, Bitcoin is considered undervalued when the MVRV ratio falls below 1. Currently, this indicator is around 1.1, indicating that the price is approaching an undervalued zone. However, this cycle has exhibited different characteristics from past cycles. The recent bull market has not seen a sharp rise to a clear overheated/overvalued zone like previous cycles. This is a significant difference. As a result, the current downturn may not follow the same pattern as past bottoms. Rather than simply mechanically comparing it to past cycle lows, it seems necessary to consider structural differences in response. Empirically, for assets with long-term upward trends, preparations often begin during the downturn, not the upturn. Preparation during a correction phase tends to increase the probability of long-term performance. ✏️ One-Line Summary #BTC is approaching the undervalued level at MVRV 1.1, but this cycle has a different structure than past periods, making strategic preparation during downturns increasingly important. [Sign up for a free CryptoQuant membership] Sign up using the link above to receive a free week of the Advanced Plan. Analyze market trends in depth with on-chain data! ✖️ Official CryptoQuant X (🇰🇷Korean) ✈️ Official CryptoQuant Telegram (🇰🇷Korean)