Bitcoin Undervaluation Sparks Hope as Selling Pressure Eases

TLDR Bitcoin trades near $65,000, well below its historical valuation range. The MVRV Z-Score stands near 0.42, compared with its long-term average of 1.7. The indicator fell to about 0.185 on June 30, its lowest level this cycle. Bitcoin has not entered negative MVRV territory, which marked past capitulation phases. Investors realized about $8.5 billion [...]

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