🚨BITCOIN NEARS UNDERVALUED LEVELS As per CryptoQuant, when the MVRV ratio drops below 1, Bitcoin is considered undervalued. Currently, it sits around 1.1, indicating price is approaching that zone. A move below 1 would suggest the average holder is at a loss, a level that has historically aligned with major accumulation phases.

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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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